Prophecy Completes Equity Raising
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| Stock | Prophecy International Holdings Ltd (PRO.ASX) |
|---|---|
| Release Time | 27 Feb 2026, 10:55 a.m. |
| Price Sensitive | Yes |
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Prophecy Completes Equity Raising
Key Points
- Prophecy raises $0.975 million via share placement
- 6.5 million new shares issued at $0.15 per share
- Funds to be used for additional working capital
Full Summary
Prophecy International Holdings Ltd (ASX: PRO), a business software developer, has announced the completion of a $0.975 million equity raising via a share placement. The company has issued 6.5 million new fully paid ordinary shares at $0.15 per share, which represents a 36.36% premium to the last traded price and a 40.76% premium to the 10-day Volume Weighted Average Price (VWAP). The funds raised will be primarily applied towards additional working capital. The raising has been completed in a single tranche, with the new shares to be allotted on Thursday, 5th March 2026. Additionally, the subscriber has the option to apply for an additional 3.5 million shares at $0.15 within the next 9 months.
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