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Norwood Systems Limited (ASX:NOR)

ALERT: Price-sensitive ASX Announcement for NOR
Current share price for NOR : $0.023 0.008 (53.33%)+
Announcement
Release
8 Dec 2025 9:51AM
Price at Release
$0.015
Full Release
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Summary
Norwood Systems Limited has successfully completed a capital raising of $650,000 through an over-subscribed placement to sophisticated and professional investors. This funding is intended to support strategic market expansion, ongoing development and commercialization activities, and the pursuit of strategic partnerships. The capital raising involved the issuance of 50 million fully paid ordinary shares at $0.013 per share, along with unlisted options, and was managed by Red Leaf Securities Pty Ltd. The funds will be utilized to expand Norwood's market presence and support working capital needs. The securities are expected to be allotted on 9 December 2025.
Key Points
  • Norwood completed a $650,000 capital raising.
  • The placement was over-subscribed and targeted sophisticated investors.
  • 50 million shares issued at $0.013 per share.
  • Funds will be used for market expansion and development.
  • Red Leaf Securities acted as lead manager.
  • Proceeds will support strategic partnerships and working capital.
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.