HitIQ Limited Announces Entitlement Offer to Raise $2.92 Million

HitIQ Limited ( (AU:HIQ) ) has shared an announcement.

HitIQ Limited has announced a non-renounceable pro-rata entitlement offer, allowing shareholders to purchase one new share for every three shares held, at an issue price of $0.022 per share. The offer includes one free attaching option for every two new shares issued, exercisable at the same price before December 2028, aiming to raise approximately $2.92 million. This move is partially underwritten by GBA Capital Pty Ltd, and directors are participating as sub-underwriters. The offer aims to strengthen the company’s financial position and potentially enhance its market presence by listing new options on the ASX, providing shareholders with an opportunity to increase their investment in the company.

More about HitIQ Limited

HitIQ Limited operates in the technology sector, focusing on developing and providing innovative solutions for monitoring and managing head impact exposure in sports. The company is known for its advanced sensor technology and data analytics services, which are primarily targeted at enhancing player safety and performance in contact sports.

Average Trading Volume: 394,698

Technical Sentiment Signal: Sell

Current Market Cap: A$7.82M

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