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TZ Limited (ASX:TZL)

ALERT: Price-sensitive ASX Announcement for TZL
Current share price for TZL : $0.029 0.003 (11.54%)+
Announcement
Release
24 Jun 2026 9:20AM
Price at Release
$0.026
Full Release
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Summary
TZ Limited has launched a 1 for 4 non-renounceable entitlement offer to raise approximately $2.58 million before costs. The offer price for new shares is set at $0.03 per share, representing a discount on recent trading values. The capital raising aims to generate up to approximately $3.08 million in total, including a placement to institutional investors. Funds raised will be used primarily for debt repayment, vendor payments, product development, and working capital. The entitlement offer is set to close on 8 July 2026 and is managed by Henslow Pty Ltd. The company emphasizes its strategic transition towards a SaaS model and highlights its involvement in data center security and smart locker solutions.
Key Points
  • 1 for 4 non-renounceable entitlement offer
  • Offer price set at $0.03 per share
  • Total raise of approximately $3.08 million
  • Funds for debt repayment and development
  • Offer closes on 8 July 2026
  • Managed by Henslow Pty Ltd
  • Focus on SaaS model transition
  • Involvement in data center security and smart lockers
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.