HITIQ Ltd to Raise $1.4 million via Private Placement
Key points
- HITIQ Ltd plans to raise A$1.4 million before costs through a two-tranche placement
- Issue price per share is set at $0.007
- Funds will support growth initiatives and balance sheet
Full summary
HITIQ Limited (ASX: HIQ) has announced it will raise A$1.4 million through a two-tranche private placement. The placement comprises 200 million new shares at $0.007 each. New shares will include free attaching options and piggyback options. The funds will be used to strengthen the company's balance sheet, support growth, and commercialization activities.
Guidance
HITIQ Ltd plans to raise A$1.4 million through a private placement.
Outlook
The funds will be used to strengthen the company's balance sheet and support growth initiatives.
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