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HitIQ Limited (ASX:HIQ)

ALERT: Price-sensitive ASX Announcement for HIQ
Current share price for HIQ : $0.006 -0.008 (-57.14%)+
Announcement
Release
24 Feb 2026 9:44AM
Price at Release
$0.014
Full Release
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Summary
HITIQ Limited announced a delay in lodging a cleansing notice due to an administrative oversight, which should have been issued within 5 business days after shares were issued on 19 January 2026. They investigated and found no shares were sold in technical breach of Corporations Act section 707, and parties agreed to a voluntary escrow for 12 months or until a cleansing prospectus is released. Additionally, an issue was discovered with HIQOA options related to quotation admission deadlines. The company plans to seek a court order to rectify the issue and will voluntarily suspend trading of HIQOA options while resolving the matter.
Key Points
  • Delayed cleansing notice due to administrative oversight.
  • No shares sold in breach of section 707 of Corporations Act.
  • Voluntary escrow agreement for shares.
  • Issue with HIQOA options' quotation admission.
  • Court application planned to rectify HIQOA options issue.
  • Voluntary suspension of HIQOA listed options.
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.