• Successful A$0.78 million placement with strong demand
• McNab Group, a leading Australian construction company, participates
• Funds to accelerate East Coast prefabrication facility and strategic expansion

PARKD Limited (ASX:PKD) has announced that it has received binding commitments for a A$0.78 million placement to sophisticated and professional investors. The placement was closed early due to strong demand, resulting in an upsizing from the initial A$0.6 million target. Notably, McNab Group, one of Australia's largest privately-owned construction, property and building supply companies, has participated in the placement. This follows the recently announced pilot project and McNab's extensive due diligence of PARKD's Western Australian projects. The placement comprises the issue of approximately 26.0 million new fully paid ordinary shares at A$0.03 per share, representing a 14.3% discount to the last closing price. The funds raised will enable PARKD to execute on its strategic expansion into the East Coast construction market through the establishment of its first prefabrication facility on the east coast of Australia. PARKD has secured a strategic site in Emu Plains/Penrith, NSW, located approximately 5 minutes from Fielders' NSW operations. The facility will transform the typical 2-to-3-week on-site assembly process into a 2-to-3-day installation, addressing the construction industry's critical labour shortage. PARKD will now provide eligible shareholders the opportunity to participate via a Share Purchase Plan (SPP) launching next week to raise up to A$120,000.00.

The East Coast expansion positions PARKD to capture significant opportunities in NSW's construction market, with particular focus on the rapidly expanding data centre and multi-storey self-storage sectors where billions in construction investment is planned. These sectors are particularly suited to PARKD's modular system, which offers unpropped construction minimising temporary works, maximised offsite prefabrication to reduce site labour, long span capabilities of up to 22 metres, and high structural load strength supporting loads up to 25kPa.