Accelerated renounceable entitlement offer to raise $8.18m
| Stock | HYDRIX Ltd (HYD.ASX) |
|---|---|
| Release Time | 18 May 2026, 10:34 a.m. |
| Price Sensitive | Yes |
Hydrix Launches Entitlement Offer to Raise $8.18m
- Hydrix announces a 6-for-1 accelerated pro-rata renounceable entitlement offer at $0.005 per Share
- Net proceeds will be used to retire debt and operating liabilities
- Hydrix also seeks to convert up to $5.435m of convertible note debt and Director loans into equity
Hydrix Limited (ASX: HYD) has announced a 6-for-1 accelerated pro-rata renounceable entitlement offer at $0.005 per share to eligible shareholders, aiming to raise up to approximately $8.18 million (before costs). Each new share will come with one free attaching option exercisable at $0.01, expiring on 30 June 2029. Assuming maximum subscription, the net proceeds will be used to retire debt and operating liabilities totaling $4.79 million, with the remaining balance used as working capital to support operations and drive growth and investment initiatives aligned to Hydrix's increasing focus on defence technology. Hydrix is also seeking to convert up to $5.435 million of convertible note debt and Director loans into equity on the same terms as the Entitlement Offer to further strengthen its balance sheet.
Hydrix aims to raise up to $8.18 million through the entitlement offer
The funds will be used to retire debt, support current programs, and provide working capital for growth and investment initiatives in defence technology.