Non-Renounceable Rights Issue to Raise up to $2.5 Million
| Stock | Activeport Group Ltd (ATV.ASX) |
|---|---|
| Release Time | 4 Aug 2025, 9:11 a.m. |
| Price Sensitive | Yes |
Activeport Group Ltd Announces $2.5M Rights Issue
- 1 for 2.75 non-renounceable rights issue to raise up to $2.5 million
- Shares priced at $0.01, a 28.6% discount to last traded price
- 1 free attaching option for every 2 new shares, exercisable at $0.02 by Nov 2028
Activeport Group Ltd ('ATV' or 'the Company') has announced a fully underwritten 1 for 2.75 non-renounceable rights issue to raise up to approximately $2.5 million (before costs). The shares will be issued at $0.01 per share, representing a 28.6% discount to the last traded price of $0.014. For every 2 new shares subscribed, eligible shareholders will receive 1 free attaching new option with an exercise price of $0.02, expiring on 30 November 2028. The rights issue is fully underwritten by Alpine Capital Pty Ltd and GBA Capital Pty Ltd, who have also been appointed as joint lead managers. The funds raised will be used for working capital to accelerate growth, including business development, delivery & support, product development, and loan repayment. Eligible shareholders registered in Australia, New Zealand, Hong Kong, Gibraltar or Singapore will be able to participate in the rights issue, which is expected to open on 11 August 2025. Any fractional entitlements will be rounded down, and the new shares will rank equally with existing shares. Shareholders who do not take up their entitlement will be diluted.