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Locate Technologies Limited (ASX:LOC)

ALERT: Price-sensitive ASX Announcement for LOC
Current share price for LOC : $0.056 -0.004 (-6.67%)+
Announcement
Release
25 Nov 2025 4:25PM
Price at Release
$0.060
Full Release
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Summary
Locate Technologies Limited has successfully completed a NZ$1 million capital raise ahead of its planned listing on the New Zealand Exchange (NZX). This capital raise is part of the company's transition to become the listed holding company under a proposed Scheme of Arrangement. The offer price was set at NZ$0.075 per share, and the offering was well-received by investors, demonstrating strong confidence in the company’s strategic direction and growth prospects. The company plans to list on the NZX on December 3, 2025, under the ticker 'LOC'. The CEO, Steve Orenstein, expressed excitement about the upcoming listing, which aligns with their long-term strategy and supports the expansion of their logistics technology platform and building a Bitcoin treasury.
Key Points
  • NZ$1 million capital raise completed by Locate Technologies
  • Transition to New Zealand Exchange (NZX) listing under Scheme of Arrangement
  • Offer price set at NZ$0.075 per share
  • Scheme Meeting scheduled for 1 December 2025
  • Planned NZX listing on 3 December 2025
  • CEO Steve Orenstein highlights the strategic alignment with New Zealand listing
  • Strong investor confidence in the company's strategy and growth potential
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.