• Institutional Entitlement Offer raises $2.8 million
• Retail Entitlement Offer expected to raise up to $7.2 million
• New shares to rank equally with existing Swoop shares

Swoop Holdings Limited (ASX:SWP) has announced the successful completion of the underwritten institutional component ('Institutional Entitlement Offer') of its partially underwritten 1 for 2.14 accelerated non-renounceable pro-rata entitlement offer ('Entitlement Offer'). The Institutional Entitlement Offer raised approximately $2.8 million at the offer price of $0.10 per new share, with existing shareholders taking up approximately $1.45 million of their entitlements and the balance of approximately $1.35 million being taken up via the underwriting. The new shares issued under the Institutional Entitlement Offer will rank equally with existing Swoop shares from the date of issue. The retail component of the Entitlement Offer ('Retail Entitlement Offer') is expected to raise up to approximately $7.2 million and is partially underwritten. Eligible retail shareholders will be invited to participate in the Retail Entitlement Offer at the same offer price and ratio as the Institutional Entitlement Offer. The Retail Entitlement Offer is expected to open on 10 December 2025 and close on 19 December 2025. Swoop reserves the right to place any new shares not taken up under the Entitlement Offer under the Shortfall Placement no later than three months after the closing date of the Retail Entitlement Offer.