• Placement completed to new and existing strategic, sophisticated investors
• Placement of shares at $0.022, a discount of 8.3% to the closing price
• Funds to be deployed to ongoing development and commercialisation activities

HITIQ Limited (ASX: HIQ) has completed an oversubscribed placement to new and existing sophisticated investors, raising $925,000 before costs through the issue of 42,045,455 ordinary shares at an issue price of $0.022 per Placement Share. The Placement was scaled back to $925,000 to fit within the Company's ASX Listing Rule 7.1 capacity. This represents a discount of 8.3% to the closing price on 1 December 2025 and a discount of 11.9% to the 30-day VWAP. The Placement also includes 1 attaching listed option for every 2 shares subscribed. Funds raised will be deployed to ongoing development and commercialisation activities and general working capital. HITIQ's Non-Executive Chairman, Earl Eddings, stated that the capital raise further validates the compelling long-term attractiveness of HITIQ's strategy, with the Company welcoming several new sophisticated investors to its register. The terms of the Placement are consistent with the rights issue completed earlier in 2025, and directors Tony Toohey and James Barrie have subscribed under the Placement, with their participation subject to shareholder approval at a general meeting to be convened in January 2026.