• Non-renounceable entitlement issue of 1 share for every 3 shares held
• Issue price of $0.022 per share to raise up to $2.92 million
• 1 free new option for every 2 shares applied for and issued

HITIQ Ltd has announced a non-renounceable entitlement issue of 1 share for every 3 shares held by eligible shareholders, at an issue price of $0.022 per share, to raise up to $2.92 million. The offer also includes 1 free new option for every 2 shares applied for and issued. The entitlement offer is partially underwritten by GBA Capital Pty Ltd. The prospectus also contains secondary offers of new options to the underwriter and other parties. The offer is available to eligible shareholders in Australia, New Zealand, Germany, Hong Kong and Singapore. The funds raised will be used for general working capital purposes. The offer is expected to open on 26 May 2025 and close on 6 June 2025, with shares and options expected to commence trading on 13 June 2025 and 27 June 2025 respectively.