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FirstWave Cloud Technology ( (AU:FCT) ) has issued an announcement.
FirstWave Cloud Technology has notified the market of the issue of 89,750,723 unquoted warrants exercisable at A$0.018 each, with a five-year term from the date of issue on 15 April 2026. The warrants form part of a previously announced transaction and are not intended to be quoted on the ASX, indicating a capital structure move that may provide future equity funding flexibility without immediate dilution for existing shareholders.
The creation of this large tranche of warrants underscores FirstWave’s continued use of equity-linked instruments to support its financing or strategic arrangements. While the securities are unquoted, the long-dated, low exercise price structure potentially aligns stakeholder incentives with the company’s longer-term share price performance and growth objectives.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited is an Australia-based provider of cloud security and network services focused on delivering cybersecurity solutions to enterprises and service providers. Listed on the ASX under the code FCT, the company leverages its platform to support secure connectivity and protection for a broad customer base across digital infrastructure markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.51M
Learn more about FCT stock on TipRanks’ Stock Analysis page.