• Fully underwritten A$18 million placement and up to A$2 million SPP
• Proceeds to fund new product development, accelerate sales and marketing, and provide balance sheet flexibility
• IKE to develop two new next-generation subscription product modules to extend its value proposition

IKE, the PoleOS Company, announced an equity raising of approximately A$20 million (NZ$21.8 million) to accelerate its growth plans and new product development. The equity raising comprises a fully underwritten A$18 million (NZ$19.6 million) placement of new ordinary shares to sophisticated, professional and institutional investors, followed by a non-underwritten share purchase plan of up to A$2 million (NZ$2.2 million) for eligible existing shareholders. The proceeds from the equity raising will be used to fund the development of two important new next-generation subscription product modules in collaboration with IKE's extended customer-council, which are intended to extend IKE's value in how utilities and communications companies capture, digitize, and manage their distribution networks. The investment in this platform is expected to secure IKE's position as the definitive solution provider, ensuring long-term contracts with customers, sustainable growth and market leadership for the next decade and beyond. The equity raising will also be used to accelerate IKE's sales and marketing efforts and provide balance sheet flexibility to execute on potential strategic bolt-on acquisition opportunities and general working capital.

The equity raising is expected to provide IKE with the funding to develop two new subscription software modules that are intended to deliver over 5x productivity gains for customers and over 2x subscription seat revenue growth per user, via value-based pricing.

IKE is now fully funded to accelerate its growth plans and new product development, with the goal of maintaining and extending its market leadership in the specific space of how utilities and communications companies capture, digitize, and manage their distribution networks. The investment in the next-generation product platform is expected to secure IKE's position as the definitive solution provider, ensuring long-term contracts with customers, sustainable growth and market leadership for the next decade and beyond.