• Rights Issue closed with 23.8% of shares applied for
• Remaining shares to be allocated under shortfall policy
• Convertible notes to automatically convert into 41.2M shares

icetana Limited (ASX:ICE) has announced the results of its one-for-two renounceable pro rata entitlement offer of new fully paid ordinary shares at an issue price of $0.02 per new share. The Entitlement Offer closed on 14 February 2025, with eligible shareholders applying for a total of 27,430,002 new shares worth $548,600, and an additional 4,041,112 new shares worth $80,822 under the Top Up Facility. This represents 23.8% of the total 132,314,218 new shares offered. The remaining 100,843,104 shortfall shares will be allocated in accordance with the shortfall allocation policy. Additionally, the 720,000 unlisted convertible notes previously issued by the company are anticipated to automatically convert into 41,199,999 shares in the coming days, subject to not breaching Australian takeover laws. The new shares will rank equally with the company's existing fully paid ordinary shares and are expected to be issued on 20 February 2025. The Entitlement Offer was fully underwritten by Lance East Holdings Pty Ltd.