X2M Price sensitive 15 Jul 2025, 8:49 AM

Disclosure Document

X2M Connect Ltd

X2M Connect Ltd Announces Non-Renounceable Entitlement Offer

Key points

  • Raising up to $2,262,296 via a 2-for-5 non-renounceable entitlement offer
  • Shares priced at $0.013 with 1 free-attaching option per share
  • Options exercisable at $0.016 each on or before 31 December 2027

Full summary

X2M Connect Ltd is undertaking a non-renounceable entitlement offer to raise up to $2,262,296. The offer is on the basis of 2 new shares for every 5 shares held by eligible shareholders as at the record date, at an issue price of $0.013 per share. Each new share will also come with 1 free-attaching option, exercisable at $0.016 each on or before 31 December 2027. The purpose of the offer is to provide existing shareholders the opportunity to participate in the company's capital raising on the same terms as the recent $2.6 million placement. The funds raised will be used to accelerate the company's growth and development plans. All new shares will rank equally with existing shares, and the new options will be issued on the terms outlined in the prospectus.

Summary generated by a large language model. Please interpret with care.

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