• Equity raising comprising a two-tranche institutional placement
• Tranche two conditional on shareholder approval
• Participants entitled to receive new unquoted options

Enlitic Inc. (ASX: ENL) has announced an equity raising comprising a two-tranche institutional placement of new fully paid chess depository interests (New CDIs) in the Company to certain institutional, sophisticated and professional investors in Australia. Tranche two of the Equity Raising, including any participation by Directors, is conditional on the approval of the Company's securityholders. Participants under the Equity Raising will be entitled to be made an offer by the Company to apply to receive (for no consideration) one new unquoted option with an exercise price of A$0.05 and expiry three years from the date of issue for every two New CDIs subscribed for and issued under the Equity Raising. The offer of New Options will be subject to securityholder approval at the annual general meeting of the Company, expected to be held in June 2025. The New Options will not be quoted on ASX and will be non-transferrable (other than with the prior written consent of the Company). The Equity Raising is lead by Taylor Collison Pty Ltd.