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Strategic Elements Limited (ASX:SOR)

ALERT: Price-sensitive ASX Announcement for SOR
Current share price for SOR : $0.034 -0.002 (-5.56%)+
Announcement
Release
20 May 2026 9:46AM
Price at Release
$0.036
Full Release
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Summary
Strategic Elements Ltd announced a restricted Share Purchase Plan (SPP) available to shareholders registered by 19 May 2026. The plan aims to raise $1,000,000 with potential oversubscriptions up to $2,500,000. Shareholders can purchase up to $30,000 worth of shares at 3.5 cents each, with each share granting an option exercisable at 4 cents by 12 July 2027. Funds will support developments in engineered moisture systems, expansion in edge computing, and new Australian innovation ventures. The company operates under the Federal Government’s Pooled Development Fund program, promoting investment in small and medium-sized enterprises. The offer, structured under ASIC guidelines, requires no prospectus, with key dates set through June 2026.
Key Points
  • Strategic Elements Ltd announces SPP to raise $1,000,000.
  • The SPP allows for oversubscriptions up to $2,500,000.
  • Share price set at 3.5 cents with options exercisable at 4 cents.
  • Funds to be used for Energy Ink™, Stealth Technologies, and new ventures.
  • Operates under Federal Government’s Pooled Development Fund program.
  • SPP structured under ASIC guidelines, not requiring a prospectus.
  • Key dates include closing on 9 June 2026 and results announcement on 16 June 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.