• Raised $4.5m via institutional placement
• Funds to be used for working capital, raw materials, and fulfilling customer pre-orders
• Placement priced at $0.065 per share, representing a discount to last close and 15-day VWAP

RLF AgTech Ltd (ASX: RLF) has received binding commitments to raise $4.5 million (before costs) through an unconditional institutional placement to sophisticated and professional investors. The new shares will be issued at $0.065 per share, representing a 7.1% discount to the last closing price and a 1.3% discount to the 15-day volume-weighted average price. The proceeds from the placement will be used to fund working capital, predominantly to secure inventory and fulfill customer pre-orders, as the company focuses on converting its growing pipeline to revenue, scaling strategic partnerships, and delivering on its pathway to profitability. The placement reflects significant market validation of the company's strategic direction under new leadership and its clear, accelerated pathway to commercialisation and sustainable profitability. The funds are particularly crucial at this time, as global conflict has severely impacted the supply of urea, a key raw material for fertilizers, and the company believes farmers will seek alternate crop nutrition solutions like RLF's products.

The funds from the placement will allow RLF to execute its commercial strategy with confidence and speed, as the company focuses on converting its growing pipeline to revenue, scaling strategic partnerships, and delivering on its pathway to profitability.