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Swift Networks Group Limited (ASX:SW1)

ALERT: Price-sensitive ASX Announcement for SW1
Current share price for SW1 : $0.010 -0.006 (-37.50%)+
Announcement
Release
24 Sep 2025 9:37AM
Price at Release
$0.016
Full Release
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Summary
Swift Networks Group Limited (ASX: SW1) successfully completed an oversubscribed placement raising $1.6 million before costs, intended to accelerate the rollout of Swift TV and support working capital needs. The placement involved the issuance of 118,570,375 shares at $0.0135 each, representing a significant discount to the last closing price and VWAP. Investors are entitled to one free-attaching option for every four shares, exercisable at A$0.03 over two years. The company engaged Lynx Advisors Pty Ltd as the lead manager, compensating them with a 6% brokerage fee. Settlement is anticipated on 8 October 2025.
Key Points
  • Swift Networks Group Limited completed a $1.6 million oversubscribed placement.
  • The placement was made to institutional and sophisticated investors.
  • Funds will be used for the rollout of Swift TV and working capital purposes.
  • The placement involved issuing 118,570,375 fully paid ordinary shares at $0.0135 each.
  • Investors will receive one free-attaching unquoted option for every four shares subscribed.
  • Options are exercisable at A$0.03 with a two-year expiry.
  • The company will pay a 6% brokerage fee to the lead manager, Lynx Advisors Pty Ltd.
  • Settlement of the placement is expected on 8 October 2025.
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.