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Equity Story Group Ltd (ASX:EQS)

ALERT: Price-sensitive ASX Announcement for EQS
Current share price for EQS : $0.014 0.002 (16.67%)+
Announcement
Release
21 Nov 2025 4:27PM
Price at Release
$0.012
Full Release
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Summary
Equity Story Group Ltd, listed on the ASX under the symbol EQS, announced a fully subscribed placement to raise $1.204 million through a two-tranche issuance of 120,420,000 fully paid ordinary shares at $0.01 per share. The first tranche of 15,420,000 shares will utilize the company's existing 15% placement capacity, while the second tranche of 105,000,000 shares awaits shareholder approval. The funds raised will fuel the company's growth and expansion strategies, particularly in their fund management business, and contribute to working capital. Notably, the placement includes participation from company leaders such as Chairman Alex Brinkmeyer. The initial tranche is slated for completion by 1 December 2025, with no associated fees for the raise.
Key Points
  • Equity Story Group Ltd has announced a fully subscribed placement to raise $1.2 million.
  • The fundraising will be conducted through a two-tranche placement.
  • The first tranche will issue 15,420,000 shares using the company's existing 15% placement capacity.
  • The second tranche, consisting of 105,000,000 shares, requires shareholder approval.
  • Proceeds from the placement will support growth and expansion strategies and provide working capital.
  • Key participants in the placement include the company’s Chairman, Alex Brinkmeyer, and other non-executive directors.
  • The shares are issued at an issue price of $0.01 per share.
  • The first tranche is expected to be completed by 1 December 2025.
  • No fees are payable with respect to the placement.
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.