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Sportshero Limited (ASX:SHO)

ALERT: Price-sensitive ASX Announcement for SHO
Current share price for SHO : $0.036 -0.001 (-2.70%)+
Announcement
Release
28 Jul 2026 2:24PM
Price at Release
$0.037
Full Release
download
Summary
Sportshero Limited (SHO) has announced an underwriting agreement with Mr. Colin Low to underwrite the exercise of any unexercised SHOAW options, which expire on 31 July 2026 with an exercise price of $0.03. If all options are exercised, the company expects to raise approximately $198,000 by issuing 6,630,478 shares. Sub-underwriting arrangements may involve sophisticated and professional investors, none of whom are related parties. The agreement can be terminated under certain conditions such as regulatory actions, inability to issue shares, or significant adverse changes. The underwriter is not a related party, and no fees are payable for the underwriting.
Key Points
  • Underwriting agreement with Mr. Colin Low for unexercised SHOAW options.
  • Options expire on 31 July 2026, with an exercise price of $0.03.
  • Potential raise of approximately $198,000 through issuance of 6,630,478 shares.
  • Sub-underwriting arrangements involve sophisticated investors, not related parties.
  • Significant events can lead to termination of the underwriting agreement.
  • No fees payable to the underwriter.
  • Underwriter is not a related party.
  • Shares expected to be issued by 10 August 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.