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Zimi Limited (ASX:ZMM)

ALERT: Price-sensitive ASX Announcement for ZMM
Current share price for ZMM : $0.003 -0.002 (-40%)+
Announcement
Release
4 May 2026 9:49AM
Price at Release
$0.005
Full Release
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Summary
Zimi Limited announced a capital raising through a placement to raise approximately A$1.4 million. This placement will be conducted in two tranches, with the first tranche consisting of 185 million shares issued under the company's available capacity, and the second tranche, subject to shareholder approval, involving an additional 179.5 million shares. Participants in the placement will receive free-attaching unlisted options on a 1:2 basis, exercisable at A$0.006 and expiring in March 2029. The funds raised are intended for working capital, manufacturing costs, and new sales initiatives. The placement is offered at a 20% discount to the last traded price and a 23% discount to the 15-day VWAP, with Cerberus Advisory acting as the lead manager. Director Simon Gerard will participate in the placement, expressing board confidence in Zimi's future.
Key Points
  • Placement to raise approximately A$1.4 million through 364 million shares at A$0.004 per share
  • Two-tranche structure with Tranche 2 subject to shareholder approval
  • Free-attaching unlisted options on a 1:2 basis at A$0.006 per option, expiring 30 March 2029
  • Funds for working capital, manufacturing costs, and new sales initiatives
  • 20% discount to last traded price and 23% discount to 15-day VWAP
  • Director Simon Gerard participating in Placement
  • Cerberus Advisory is the lead manager
  • Zimi Limited specializes in innovative IoT devices
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.