Significant New Director Investment
| Stock | Whitehawk Ltd (WHK.ASX) |
|---|---|
| Release Time | 12 Aug 2025, 10:14 a.m. |
| Price Sensitive | Yes |
Director to Significantly Increase Shareholding in WhiteHawk
- WhiteHawk Director Giuseppe Porcelli to increase shareholding through Tranche 2 Placement
- Porcelli has over 20 years of experience leading innovative, AI-driven technology solutions
- Additional investment to help fund WhiteHawk's business growth in the Middle East and ASEAN regions
WhiteHawk Ltd, the global online cybersecurity exchange, announced that Director and Major Shareholder Giuseppe Porcelli, through his company Lakeba Group Limited, will significantly increase his shareholding in the company. This will be done under the Tranche 2 Placement, which will be subject to shareholder approval at a General Meeting in September 2025. Porcelli, who was appointed as a Director in March 2025, is a proven technology entrepreneur with over 20 years of experience leading innovative, AI-driven solutions and automated service enterprises. As the Founder, Chairman, and CEO of Lakeba Group, he has successfully launched and scaled technology businesses internationally. Porcelli stated that he has witnessed the capability of the WhiteHawk team, the company's cyber risk product offerings and business pipeline, and recognizes the significant opportunity to materially grow the business outside the US, particularly in the Middle East and ASEAN regions. WhiteHawk's Executive Chair Terry Roberts applauded Porcelli's major show of support for the company and its future business growth, noting that this investment will enable WhiteHawk's objectives both financially and through Porcelli's extensive business connections, experience in technology innovation, strategic business alliances, and leadership roles in Australia and the MEA regions.
WhiteHawk intends to grow its business in Australia and in the Middle East and ASEAN regions, where there is significant unmet demand, and Porcelli's investment and expertise will support these objectives.