• SPP raises $794,500 from existing eligible shareholders
• Proceeds to be used for sales growth, product manufacturing
• Adds to $7m raised from recent placement

HighCom Limited (ASX: HCL) has announced the completion of its Share Purchase Plan (SPP), which raised $794,500 from 80 applications received from the company's 2,605 eligible shareholders. The new shares were issued at $0.20 each, with all subscriptions accepted without any scale-back. The proceeds from the SPP will be added to the $7m raised through a two-tranche share placement announced on 11 February 2026. The combined funds will be allocated to sales and product funding, capital expenditure including upgrades and tooling for the XTclave product, operational growth initiatives, and costs associated with the capital raising. HighCom is a diversified group with two distinct businesses - HighCom Armor, which designs and manufactures personal protection ballistic products, and HighCom Technology, which supplies uncrewed aerial systems and related services to Australian defence and security agencies.