• Rights Issue closed, raising $360,426 in cash
• Partial underwriting and placement raised additional $1.5M
• Remaining shortfall of $1.7M to be placed

HITIQ Ltd (ASX: HIQ) has announced the close of its pro-rata non-renounceable rights issue offer (Rights Issue) on 20 June 2025. The company reports that approximately $360,426 in cash (before costs) has been received under the Rights Issue, with 16,382,988 new shares and 8,191,515 new options issued. The Rights Issue was partially underwritten by GBA Capital Pty Ltd, including $68,860.20 being sub-underwritten by participating directors. Additionally, the company completed a placement, raising $680,000 through the issue of 30,909,091 shares and 15,454,546 options. In total, the Rights Issue and placement raised $1,882,860 before costs. The company is currently working with GBA to place the remaining shortfall of approximately 78,148,383 shares, valued at $1,719,264. A commitment book to subscribe for the Shortfall Offer has commenced, with numerous new and existing shareholders expressing interest. The company has up to 3 months of the Rights Issue closing date to close the Shortfall Offer.