Partially Underwritten Non-Renounceable Entitlement Offer
| Stock | Tinybeans Group Ltd (TNY.ASX) |
|---|---|
| Release Time | 20 Nov 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Tinybeans Announces Partially Underwritten Entitlement Offer
- Raise approximately A$3.5 million to fund Qeepsake integration and growth initiatives
- Eligible shareholders can subscribe for Additional Shares under the Shortfall Offer
- Net proceeds to accelerate Qeepsake integration, product development, marketing, and working capital
Tinybeans Group Limited (ASX: TNY) is pleased to announce the launch of a partially underwritten 1-for-4.7 pro rata non-renounceable entitlement offer of new fully paid ordinary shares at A$0.10 per share to raise gross proceeds of approximately A$3.5 million. The Entitlement Offer follows the acquisition of Qeepsake, which significantly expands Tinybeans' scale and unlocks product synergies. The net proceeds will be used to accelerate the integration of Qeepsake, along with product development, marketing, and working capital, providing management with added flexibility to fund growth initiatives. Eligible shareholders may subscribe for Additional Shares under the Shortfall Offer, subject to availability and scale back. Thorney Investment Group, the largest shareholder, has indicated a commitment of A$0.9 million by way of take up of their full Entitlement, and has also indicated an intention to act as a sub-underwriter. The Entitlement Offer is expected to open on 28 November 2025 and close on 12 December 2025.
Following completion of the Entitlement Offer, and assuming all entitlements are subscribed for, Tinybeans pro forma net cash at 30 September 2025 is approximately A$4.7 million.