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Excite Technology Services ( (AU:EXT) ) has shared an announcement.
Excite Technology Services has secured firm commitments for a $1.05 million capital raising through the issue of unsecured convertible notes to existing sophisticated investors, offering a 15% annual interest rate, a 12‑month term, and a conversion price of $0.01 per share with free‑attaching options, subject to shareholder approval. The board frames the funding as a pivotal step following a record December 2025 quarter with more than $1 million in operational cash flows, positioning the company to scale recurring revenue streams and drive toward consistent cash flow positivity across the group.
The most recent analyst rating on (AU:EXT) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Excite Technology Services stock, see the AU:EXT Stock Forecast page.
More about Excite Technology Services
Excite Technology Services Limited is an Australian cybersecurity specialist providing threat prevention, managed cloud and IT services, digital forensics, incident response, forensic investigations and accredited training. The company focuses on delivering integrated security solutions to support a safer Australia, targeting clients that require robust cyber resilience and managed technology infrastructure.
Technical Sentiment Signal: Sell
Current Market Cap: A$17.28M
For detailed information about EXT stock, go to TipRanks’ Stock Analysis page.