Fortifai Ltd (ASX:FTI)

ALERT: Price-sensitive ASX Announcement for FTI

Current share price for FTI : $0.835 0.12 (16.78%)⁺

Announcement

FortifAI Raises $15 Million in Strategic Placement

Release

28 Apr 2026 9:48AM

Price at Release

$0.715

Full Release

Summary

FortifAI Limited announced it has raised $15 million through a strategic placement supported by institutional and sophisticated investors, issuing 20,979,021 new fully paid ordinary shares at $0.715 per share. The funds are earmarked for accelerating the development of Nol8 Technology, marketing, and business development programs, as well as strengthening commercial initiatives and general working capital. The placement, managed by Petra Capital Pty Limited, 708 Capital Pty Limited, and Sandton Capital Pty Limited, is intended to bolster FortifAI's growth objectives. The shares will settle on 6 May 2026, following authorization by FortifAI's Board and in accordance with ASX Listing Rule 7.1. This announcement lifts the previous trading halt initiated on 27 April 2026.

Key Points

FortifAI Limited to raise $15 million through strategic placement.
20,979,021 new fully paid ordinary shares issued at $0.715 per share.
Placement strongly supported by leading Australian fund managers.
Funds to be used for technology, marketing, and business development of Nol8 Technology.
Joint Lead Managers include Petra Capital Pty Limited, 708 Capital Pty Limited, and Sandton Capital Pty Limited.
Proceeds will support growth objectives and strengthen commercial initiatives.
ASX Listing Rule 7.1 guides the securities issuance under the Placement.
Shares under the Placement will settle on 6 May 2026.
Announcement lifts trading halt from 27 April 2026.
Placement authorized by the Board of FortifAI Limited.

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.