A$2M Raised to Drive Growth and AI/ML Development
| Stock | Whitehawk Ltd (WHK.ASX) |
|---|---|
| Release Time | 25 Jul 2025, 9:18 a.m. |
| Price Sensitive | Yes |
A$2M Raised to Drive Growth and AI/ML Development
- Firm commitments to raise A$2 million via a share placement
- Funds will advance automation of Cyber Resilience Moonshot analytics
- Won new Independent Cyber Governance Risk and Compliance Program
WhiteHawk Limited, the first global online AI-based cyber security exchange, has received firm commitments from new and existing sophisticated and professional investors to raise A$2 million (before costs) by way of a placement of shares. The proceeds from the Placement will be used for working capital and to support WhiteHawk's growing pipeline of AI/ML based cyber risk SaaS and PaaS contract opportunities. This includes the continuation of current sales campaigns via new Marketing and Sales SaaS Platforms, execution of near-term new and expanded contracts, responses to 2025 Proposals from U.S. Federal, State & Local open Opportunities, IR and PR campaigns after new contracts are finalized, and AI/ML Analytics and Automation advances to the WHK Cyber Platform in support of current and future Cyber Resilience Moonshot client requirements. The Placement will result in the issue of 173,913,043 fully paid ordinary shares at an issue price of A$0.0115 per share, with one free attaching WHKOA listed option for every 2 New Shares subscribed, which is exercisable at $0.02 each expiring 24 April 2028. The Company has also won a new Independent Cyber Governance Risk and Compliance ('GRC') Program for a U.S. Investment Firm across all subsidiaries, and is in the process of reviewing opportunities to establish a small operational office in Perth, Australia, in support of AUKUS Defense Company Cyber Compliance.