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Unith Ltd (ASX:UNT)

ALERT: Price-sensitive ASX Announcement for UNT
Current share price for UNT : $0.006 -0.005 (-45.45%)+
Announcement
Release
16 Jul 2026 9:14AM
Price at Release
$0.011
Full Release
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Summary
Unith Ltd (ASX: UNT) announced a capital raising initiative to generate $2.75 million through a combination of a share placement and an entitlement offer. The placement aims to raise $1 million by issuing 125 million new shares at $0.008 per share, with a free attaching option. Additionally, a pro rata non-renounceable entitlement offer will raise approximately $1.75 million with the same offer price and terms. A $500,000 debt will also be converted to equity. The funds will support technology, marketing, business development, and potential acquisitions. Key dates include the offer's record date on 23 July 2026 and the closing date on 14 August 2026.
Key Points
  • Unith Ltd plans to raise $2.75 million through placement and entitlement offer.
  • Share placement to raise $1 million at $0.008 per share.
  • Entitlement offer to raise approximately $1.75 million.
  • Conversion of $500,000 debt to equity.
  • Funds to support technology, marketing, and business initiatives.
  • Offer price represents a 27.27% discount to the last closing price.
  • Key dates: record date on 23 July 2026, closing date on 14 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.