RNTO Options Underwritten, Assuring Further Growth Capital
| Stock | Rent.com.Au Ltd (RNT.ASX) |
|---|---|
| Release Time | 15 Dec 2025, 8:19 a.m. |
| Price Sensitive | Yes |
Rent.com.Au Secures Further Growth Capital Through Options Underwriting
- Underwriting ensures additional ~$2.4 million in growth capital
- Funds to be used for RentBond® loan book, reducing borrowing costs and boosting profitability
- Company well-funded with over $9 million in cash and $5 million in undrawn debt
Rent.com.Au Limited (ASX: RNT), Australia's leading platform for renters, has announced that it has entered into an option underwriting agreement with Templar Corporate Pty Ltd to fully underwrite the exercise of its listed options (RNTO Options), exercisable at $0.04 and expiring on 31 December 2025. Under the agreement, Templar will underwrite up to 60,032,169 RNTO Options that remain unexercised, representing an underwriting amount of $2,401,286.76. To date, 137,551,563 RNTO Options (70% of the total) have been exercised, generating $5.5 million in growth capital. The funds from the option exercise, including the underwritten amount, will be applied primarily to funding the RentBond® loans, directly reducing borrowing costs and increasing profitability. With expected cashflow break-even in less than 12 months, the Group is well-positioned for further growth, with more than $9 million in cash (including the underwriting proceeds, before costs) and $5 million in undrawn debt. The CEO, Jan Ferreira, commented that the underwriting ensures the company can maximize the capital available to fund the rapidly growing RentBond® loan book, effectively reducing funding costs and accelerating the path to profitability and positive cashflow.