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Unith Ltd (ASX:UNT)

ALERT: Price-sensitive ASX Announcement for UNT
Current share price for UNT : $0.008 0.001 (7.14%)+
Announcement
Release
21 Jul 2026 8:28AM
Price at Release
$0.007
Full Release
download
Summary
The prospectus for Unith Ltd outlines an Entitlement Offer and a Placement to raise a total of $2,751,500 before costs. The Entitlement Offer allows eligible shareholders to purchase new shares at $0.008 per share, alongside free-attaching options. Funds will be allocated towards accelerating technology and marketing efforts, assessing corporate acquisitions, and general working capital. The prospectus warns investors about the high-risk nature of the shares and potential dilution if entitlements are not taken up. Various risks associated with the company's operations, including market competition and cyber threats, are highlighted. The capital structure will be impacted by the issuance of new shares, and directors intend to participate in the offer within their financial capacity.
Key Points
  • Entitlement Offer is a non-renounceable pro rata entitlement issue of new shares at $0.008 per share.
  • Offer aims to raise approximately $1,751,500 before costs.
  • Placement to institutional investors raised an additional $1,000,000 before costs.
  • Proceeds will be used for technology, marketing, business development, and working capital.
  • Risks include market competition, failure to commercialize, and external threats like cyber attacks.
  • Company's capital structure will change with the new shares and options.
  • Shareholders not participating will experience dilution.
  • Directors and related entities plan to accept entitlements, subject to financial positions.
  • No brokerage fees applied for shareholders accepting their entitlements.
  • Legal and managerial consents are in place for the offer.
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.