Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from HitIQ Limited ( (AU:HIQ) ) is now available.
HitIQ Limited has called a hybrid general meeting for 6 February 2026 to seek shareholder approval for a series of capital and financing measures that could significantly alter its ownership and security structure. The key proposal is the potential issue of up to 470.2 million new shares on conversion of convertible notes held by the Harmil Group, which, together with existing holdings, could lift Harmil’s voting power from 12.80% to as much as 53.86%, effectively handing it majority control if approved. Shareholders are also being asked to approve general and specific security interests in favour of No Bull Health Pty Ltd, an associate of major shareholder Harmil Angel Investments, as well as to ratify a prior placement of 40.9 million shares and 20.45 million free-attaching options at $0.022. Independent expert reports have been provided to assess whether these related-party and control transactions are fair and reasonable for non-associated shareholders, underscoring the governance and control implications for existing investors.
The most recent analyst rating on (AU:HIQ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on HitIQ Limited stock, see the AU:HIQ Stock Forecast page.
More about HitIQ Limited
HitIQ Limited is an Australian-listed company, with a shareholder base governed under the Corporations Act and ASX Listing Rules, and is engaged in activities that require access to equity and secured funding from substantial shareholders and related parties. Its capital structure includes ordinary shares, convertible notes, and options, and it operates within a regulatory environment that necessitates independent expert reports for related-party and control transactions affecting voting power and security interests.
Average Trading Volume: 746,869
Technical Sentiment Signal: Sell
Current Market Cap: A$10.57M
Find detailed analytics on HIQ stock on TipRanks’ Stock Analysis page.