Jatcorp launches Entitlement Offer
| Stock | Jatcorp Ltd (JAT.ASX) |
|---|---|
| Release Time | 10 Dec 2025, 8:43 a.m. |
| Price Sensitive | Yes |
Jatcorp launches Entitlement Offer
- 1 for 3 non-renounceable entitlement offer at $0.15 per share
- Aims to raise approximately $4.2 million (before costs)
- Funds to be used for working capital, operations, and market expansion
Jatcorp Limited ('Jatcorp' or the 'Company') is pleased to announce a 1 for 3 non-renounceable entitlement offer ('Entitlement Offer') at $0.15 per share to raise approximately $4.2 million (before costs) through the issue of approximately 28,088,887 new shares (New Shares). The Entitlement Offer is fully underwritten. The primary use of the funds raised under the Entitlement Offer are: Working Capital and Operations: Maintaining day-to-day operations, strengthening liquidity, and supporting cash flow needs across the Company's business units; and Market Expansion: Strengthening the Company's market presence and accelerating revenue growth under the Company's new development strategy. Only shareholders with a registered address in Australia and New Zealand, will be eligible to participate in the Entitlement Offer ('Eligible Shareholders'). The Entitlement Offer is made to Eligible Shareholders registered at 7:00pm (Sydney-time) on the record date of 15 December 2025 (Record Date). In addition to their entitlement, Eligible Shareholders other than Directors will have the ability to subscribe for any shortfall shares under a Top Up facility. The underwriter to the Entitlement Offer is HS Global E-Commerce (HK) Limited, an entity controlled by Mr Simon Lin, who is a substantial shareholder of the Company. The Underwriter is entitled to a fee of 1.5% of the amount of the Underwriting.