Capital Raise to Fund Growth and Refinance Debt

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Stock Beonic Ltd (BEO.ASX)
Release Time 12 Aug 2025, 10:59 a.m.
Price Sensitive Yes
 Beonic Secures A$3.74M Capital Raise
Key Points
  • Funding to accelerate growth, provide working capital, and refinance debt
  • Anchored by largest shareholder Thorney Investment Group
  • Funds to be deployed for product roadmap, innovation, and North African Airport Project
Full Summary

Beonic (ASX: BEO, the 'Company') is pleased to announce it has secured A$3.74 million in capital to accelerate its growth strategy, provide working capital, and refinance existing indebtedness. The capital raise is anchored by the Company's largest shareholder, Thorney Investment Group ('Thorney'), and demonstrates strong support from existing shareholders, including the Board, CEO and key members of the Management Team. The funds raised will be strategically deployed to accelerate the Company's product roadmap and innovation initiatives, repay existing indebtedness maturing in January 2026 and accelerate the North African Airport Project, the largest contract of its kind in the region as announced to the ASX on the 29th July, 2025. The capital raise consists of Convertible Notes (the 'Notes') totalling A$3.74 million, with Thorney committing A$2.0 million and additional commitments received from existing shareholders. The Board, Management and the Company's CEO have committed more than A$850,000 to the Notes. The Notes are to be issued with a face value of $1.00 accruing interest at 10% per annum, payable semi-annually in arrears up to maturity (24 months after issue). The Noteholder may elect to convert the Note into Shares, if the 30-day VWAP exceeds $0.35 or if Beonic elects to redeem the Notes early, the conversion price is A$0.24 per share. The Noteholder will also be issued with 2.08 options to acquire a Share (Attaching Option) for every Note issued, exercisable at $0.30 on or before the date that is three years from the date of issue.

Guidance

The capital raise, coupled with cash on hand and forecast positive cash flow in FY 2026, positions Beonic to fund its product roadmap and accelerate growth while retiring its existing indebtedness due in January 2026.