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HitIQ Limited (ASX:HIQ)

ALERT: Price-sensitive ASX Announcement for HIQ
Current share price for HIQ : $0.005 -0.001 (-16.67%)+
Announcement
Release
30 Jul 2026 8:46AM
Price at Release
$0.006
Full Release
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Summary
HitIQ Limited reported significant progress in its June 2026 quarterly activities, including the successful securing of $1.4 million in capital to bolster its balance sheet and support its growth strategy for FY27. The company signed a strategic Victorian Government Grant Agreement, providing non-dilutive funding to enhance its manufacturing and engineering capabilities in Victoria. Key areas of focus included product development and supply chain optimization to meet increasing demand. HitIQ also expanded its commercial activities across various sectors, including retail, universities, and defense, while continuing to improve its financial flexibility through capital management initiatives. These efforts position HitIQ as a leader in the global concussion management market with its cutting-edge technology platform.
Key Points
  • Secured $1.4 million capital raising to strengthen the balance sheet.
  • Signed a Victorian Government Grant Agreement for non-dilutive funding.
  • Invested in expanding Victorian manufacturing capability and engineering resources.
  • Focused on product development, manufacturing efficiency, and supply chain optimization.
  • Continued commercial expansion across retail, universities, and defence markets.
  • Improved financial flexibility by drawing down on a $1.0 million working capital facility.
  • Achieved significant progress in the Victorian Government Commercialisation Program.
  • Targeted growth in the global concussion management market with advanced 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.