A$15m Conditional Placement and Proposed Note Conversion

• A$15m conditional placement at A$0.004 per CDI
• Proposed conversion of A$10m convertible notes
• Expected to fund operations to cashflow break-even
• Proposed 10:1 share consolidation

Enlitic, Inc. has announced a conditional placement to raise approximately A$15 million through the issuance of new CDIs at A$0.004 each, subject to shareholder approval. Additionally, the company plans to convert its existing convertible notes into CDIs, aiming to simplify its capital structure and extinguish debt. The combined proceeds from the placement and note conversion are expected to fund operations until cashflow break-even, with a pro forma cash balance of approximately A$18 million post-transactions. The company also proposes a 10:1 share consolidation following these transactions. Enlitic intends to offer eligible CDI holders a security purchase plan targeting up to A$1 million. These moves are intended to provide financial flexibility for expanding sales of its SaaS-based Ensight offering in healthcare settings.

Expected pro forma cash of A$18 million post placement and note conversion

Enlitic aims to achieve cashflow break-even and expand sales with the financial flexibility gained from the placement and note conversion.