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Hydrix Limited (ASX:HYD)

ALERT: Price-sensitive ASX Announcement for HYD
Current share price for HYD : $0.004 -0.001 (-22.22%)+
Announcement
Release
10 Jun 2026 2:41PM
Price at Release
$0.005
Full Release
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Summary
Hydrix Limited announced the results of its retail entitlement offer, which is a part of a larger $8.183 million pro-rata accelerated renounceable entitlement offer. Under the Retail Entitlement Offer, eligible retail shareholders subscribed for 267,110,768 new shares raising approximately $1.34 million. The offer allows shareholders to purchase six new shares for each existing share at a price of $0.005 per share, with an attached option exercisable at $0.01 expiring in 2029. Approximately 31.09% of retail entitlements were taken up, with the remaining entitlements to be sold in a retail shortfall bookbuild process. The funds will be used to reduce debt, provide working capital, and support Hydrix's focus on Defence technology growth. The company also plans to convert up to $5.435 million in convertible note debt into equity, subject to shareholder approval.
Key Points
  • Retail Entitlement Offer raised approximately $1.34 million.
  • Eligible shareholders subscribed for 267,110,768 new shares.
  • Shares issued at $0.005 each with options exercisable at $0.01.
  • 31.09% of retail entitlements were taken up.
  • Remaining entitlements to be sold in a retail shortfall bookbuild.
  • Funds to reduce debt, provide working capital, and support Defence technology growth.
  • Plan to convert $5.435 million in convertible note debt into equity.
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.