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WhiteHawk Limited (ASX:WHK)

ALERT: Price-sensitive ASX Announcement for WHK
Current share price for WHK : $0.004 -0.003 (-42.86%)+
Announcement
Release
30 Apr 2026 4:40PM
Price at Release
$0.007
Full Release
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Summary
WhiteHawk Limited's quarterly activities report for the period ending 31 March 2026 outlines the company's completion of key contracts in the Australian defense sector and its focus on U.S. federal opportunities. The report highlights a net cash outflow of US$655,000 due to operational activities, with cash reserves at US$149,000, and details the company’s financial strategy, including capital raised to support integration and expansion efforts. Additionally, WhiteHawk is evaluating the acquisition of Quixxi, aligning with its strategic goal to expand its cybersecurity platform to include AI governance. Financial management includes an unused credit facility and ongoing payments to key personnel.
Key Points
  • WhiteHawk Limited completed an ACSC Essential Eight Maturity Level 2 (ML2) assessment for an Australian Defense sector company and logistics company.
  • The company is focusing on key U.S. federal opportunities including the GSA SCRIPTS BAA and a $21B FAA contract proposal.
  • WhiteHawk raised capital during the quarter amounting to US$139,100 and A$1,500,000 post-quarter for integration and expansion.
  • Net cash used in operating activities was US$655,000 with cash equivalents at the period end being US$149,000.
  • The company has an unused credit standby arrangement of US$100,000 from PNC Bank, currently undrawn.
  • WhiteHawk is reviewing the acquisition of Quixxi to enhance its AI governance capabilities.
  • WhiteHawk's strategy includes expanding its cyber risk platform to include AI systems governance.
  • Payments to related parties totaled US$237,000 during the quarter, covering salaries and director fees.
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.