Key points
- Entitlement Offer closed with 93.74% take-up
- Additional Shortfall Shares accepted, raising a total of $2.75m
- New Shares and Shortfall Shares issued, trading to commence on 16 April 2025
Full summary
AUCyber Limited (ASX: CYB) has announced the results of its renounceable rights issue (Entitlement Offer) of new fully paid ordinary shares. The Entitlement Offer, which was announced on 20 March 2025, closed oversubscribed on 8 April 2025. Eligible Shareholders applied for 42,965,424 new shares, representing a take-up of 93.74%. In addition, Eligible Shareholders were offered the opportunity to apply for Shortfall Shares in excess of their entitlement, and when combined with the Shortfall Offer, valid applications totaled over $3.1 million. The Company scaled back the Shortfall Offer on a pro-rata basis to meet the target raise amount of $2.75 million. A total of 45,833,333 New Shares and Shortfall Shares have been issued, and normal trading is expected to commence on 16 April 2025.