• Raised $12 million through placement of 20 million new shares
• Placement priced at $0.60 per share, representing a 5.5% discount to last close
• Funds to be used for cash consideration under takeover bid for Mayfield Childcare

Embark Early Education Limited (ASX:EVO) has announced the successful completion of a $12 million placement to professional and sophisticated investors. The placement involved the issue of 20 million new shares at $0.60 per share, representing a 5.5% discount to the last close price. The placement received strong support from both existing shareholders and new investors. The funds raised will be used to partly fund the cash consideration under Embark's conditional off-market takeover bid for all the ordinary shares it does not already own in Mayfield Childcare Limited (ASX:MFD), as well as to cover the transaction costs of the placement. Unified Capital Partners Pty Ltd acted as the Sole Lead Manager and Bookrunner for the placement and is also acting as the Financial Adviser for the Mayfield Childcare takeover offer. The new shares are expected to be issued on 19 December 2025.