HITIQ Limited (ASX:HIQ) Announces Entitlement Issue to Raise up to $2.92 Million
Entitlement Offer Details
HITIQ Limited has announced a non-renounceable entitlement issue, offering one share for every three shares held, at an issue price of $0.022 per share. Additionally, shareholders can receive one free New Option for every two shares applied for. The entitlement offer aims to raise up to $2,922,125.
Use of Proceeds
The funds raised will be allocated towards increasing manufacturing capacity, expanding operations in the USA, enhancing products, business development and marketing, continued research and development, and general working capital.
Timeline
The entitlement offer was lodged with ASIC on 15 May 2025, with the closing date set for 6 June 2025. Securities are scheduled to be quoted on ASX on 10 June 2025.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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