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HitIQ Limited ( (AU:HIQ) ) has shared an update.
HitIQ Limited has applied to the ASX for quotation of 123,388,031 new ordinary fully paid shares, issued on April 7, 2026. The shares result from a partial conversion of an existing convertible note, as approved at the company’s February 6, 2026 extraordinary general meeting.
The conversion increases HitIQ’s quoted share capital and reflects an ongoing transition of debt-like funding into equity. This move may strengthen the company’s balance sheet, broaden its free float, and potentially alter ownership dynamics for existing shareholders as the new securities commence trading on the ASX.
The most recent analyst rating on (AU:HIQ) stock is a Hold with a A$0.01 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 on the ASX under the code HIQ. The company issues ordinary fully paid shares and utilizes convertible note structures as part of its capital management and funding strategy in the public markets.
Average Trading Volume: 489,865
Technical Sentiment Signal: Sell
Current Market Cap: A$8.23M
See more insights into HIQ stock on TipRanks’ Stock Analysis page.