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HitIQ Limited (ASX:HIQ)

ALERT: Price-sensitive ASX Announcement for HIQ
Current share price for HIQ : $0.005 -0.013 (-72.22%)+
Announcement
Release
29 Sep 2025 9:47AM
Price at Release
$0.018
Full Release
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Summary
HitIQ Limited has announced a $250,000 placement and a new $1.4 million RDTI loan facility to support its concussion management technology's market commercialization. The placement involved issuing 11,363,637 ordinary shares at $0.022 each, representing a premium to the recent market prices, and included attaching options. The RDTI loan, provided by No Bull Health Pty Ltd, a related entity to the company's major shareholder, is unsecured initially and will be secured against R&D expenditure pending shareholder approval. The loan terms include a 12% annual interest rate, a one-year maturity, and an initial drawdown of $480,000.
Key Points
  • $250,000 placement completed with a new investor.
  • Placement share price at a premium of 22.2% to recent closing price.
  • New $1.4 million RDTI loan facility with a related party.
  • Initial drawdown of $480,000 from the loan.
  • Loan to be secured against R&D expenditure pending approval.
  • Funds to support commercialization of concussion technology.
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.