$250k Placement and New $1.4m RDTI Loan Facility
| Stock | HITIQ Ltd (HIQ.ASX) |
|---|---|
| Release Time | 29 Sep 2025, 9:47 a.m. |
| Price Sensitive | Yes |
$250k Placement and New $1.4m RDTI Loan Facility
- Placement completed to raise $250,000 at $0.022 per share
- New $1,400,000 RDTI Loan Facility entered into with largest shareholder
- Initial drawdown of $480,000 completed under the RDTI Loan
HITIQ Ltd (ASX: HIQ) has completed a $250,000 placement and entered into a new $1.4 million RDTI loan facility to raise additional capital to support the ongoing consumer market commercialisation of its concussion management technology. The placement was made to a new strategic, sophisticated investor, with shares issued at $0.022 (2.2 cents) and 1 attaching listed option expiring 30 Dec28 for every 2 shares subscribed, consistent with the recently completed Rights Issue Offer. The placement price represents a premium of 22.2% to the closing price on 26 September 2025 and a premium of 7.7% to the 15-day VWAP. The company has also entered into a new $1,400,000 RDTI Loan Facility with No Bull Health Pty Ltd, a related party of the company's largest shareholder, Harmil Angel Investments. An initial drawdown of $480,000 has been completed under the RDTI Loan, with shareholder approval to be sought at the upcoming AGM for the loan to be secured against eligible R&D expenditure. The funds raised from the placement and RDTI Loan initial drawdown will be deployed to complement the company's consumer market pivot.