Swift TV Limited (ASX:STV)

ALERT: Price-sensitive ASX Announcement for STV

Current share price for STV : $0.007 -0.003 (-30%)⁺

Announcement

Swift secures $2.3 million via placement and debt conversion

Release

9 Jun 2026 8:41AM

Price at Release

$0.010

Full Release

Summary

Swift TV Ltd (ASX: STV) announced it has secured $2.33 million through a combination of a share placement and debt conversion. The company raised $1.9 million from sophisticated and institutional investors through the placement of 237,500,000 shares at $0.008 each. Additionally, PURE Asset Management will convert $430,000 of outstanding debt into equity, subject to shareholder approval. This financial maneuver aims to strengthen Swift TV’s ability to expand its deployment pipeline, including contracts in aged care, hospitality, and Chevron workforce accommodations, thus enabling growth in recurring subscription revenue.

Key Points

Swift TV secured $2.33 million via placement and debt conversion.
$1.9 million raised through share placement at $0.008 per share.
PURE Asset Management to convert $430,000 debt into equity.
Funds to support Swift TV deployment and expand commercial opportunities.
Chairman Charles Fear to subscribe for $60,000 in the placement.
Placement provides additional funding flexibility and reduces debt.
Settlement of the placement expected on 12 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.