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CurveBeam AI Limited (ASX:CVB)

ALERT: Price-sensitive ASX Announcement for CVB
Current share price for CVB : $0.017 -0.001 (-5.56%)+
Announcement
Release
8 Jul 2026 9:29AM
Price at Release
$0.018
Full Release
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Summary
CurveBeam AI Limited, listed on the ASX, has secured a $5 million institutional and related party placement at A$0.02 per share, alongside a $1 million Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand at A$0.018 per share. The funds will support sales, marketing, research, and development, particularly for a China market launch. Director Arun Singh has advanced the company an additional $2.05 million. The placement requires shareholder approval under ASX rules and is structured to minimize dilution. The SPP is non-renounceable and non-underwritten, with a detailed schedule for implementation in July and August 2026.
Key Points
  • CurveBeam AI Limited announced a $5M institutional and related party placement.
  • The placement price is set at A$0.02 per share, representing an 11.1% premium to the last closing price.
  • A Share Purchase Plan (SPP) is offered to eligible shareholders in Australia and New Zealand targeting A$1M.
  • The SPP offers shares at A$0.018 per share, lower than the placement price.
  • Net proceeds are aimed at sales, marketing, R&D, and China market launch preparation.
  • Director Arun Singh provided a loan to the company for $2.05M.
  • Placement sourced from directors Greg Brown and Arun Singh, and other investors.
  • Shareholder approval is required under ASX Listing Rules for the placements.
  • The SPP is non-renounceable and non-underwritten.
  • The timeline includes meetings and allotment dates throughout July and August 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.