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HitIQ Limited (ASX:HIQ)

ALERT: Price-sensitive ASX Announcement for HIQ
Current share price for HIQ : $0.006 -0.002 (-25%)+
Announcement
Release
29 Jun 2026 10:00AM
Price at Release
$0.008
Full Release
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Summary
HITIQ Limited announced a private placement to raise A$1.4 million through a two-tranche placement of 200,000,000 new shares at A$0.007 each. The placement includes unlisted free attaching options for each share, exercisable at the same price by 30 June 2027, with further piggyback options upon exercise. The funds will bolster the company's balance sheet, support working capital, and finance growth initiatives aligned with their FY27 operating plan. SP Corporate Advisory Pty Ltd and Erity Capital Pty Ltd serve as joint lead managers, receiving options as partial compensation. Key dates include the ASX announcement resuming trading on 29 June 2026, and the expected settlement and trading of new shares starting in July 2026.
Key Points
  • HITIQ Limited to raise A$1.4 million via private placement.
  • Placement involves 200,000,000 new shares at A$0.007 each.
  • Includes unlisted free attaching options expiring 30 June 2027.
  • Funds to strengthen balance sheet and support growth initiatives.
  • SP Corporate Advisory and Erity Capital as joint lead managers.
  • ASX trading resumes on 29 June 2026; settlement in July 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.