• Renounceable and non-underwritten Entitlement Offer to raise ~$2.75m
• Eligible shareholders can subscribe for 1 new share for every 3.57 existing shares held at $0.06 per share
• Proceeds will be used for working capital and growth

AUCyber Limited (ASX: CYB) announced a renounceable, non-accelerated entitlement offer of shares (New Shares) to raise up to approximately $2.75 million (Entitlement Offer). Under the Entitlement Offer, Eligible Shareholders with a registered address in Australia or New Zealand can subscribe for 1 New Share for every 3.57 existing Shares held at an issue price of $0.06 per New Share. The Offer Price represents a 24.5% discount to the 5-day volume weighted average AUCyber share price and a 15.4% discount to the theoretical ex-rights price. The Entitlement Offer will be managed by Morgans Corporate Limited. The proceeds from the Entitlement Offer will be used to provide working capital and funding for growth. Significant shareholder 5GN Networks Limited has indicated its intention to take up its full entitlement but will not participate in the shortfall. The Entitlement Offer is renounceable, and Eligible Shareholders may also apply for additional New Shares under the Shortfall Offer arrangements.