Placement
| Stock | RLF Agtech Ltd (RLF.ASX) |
|---|---|
| Release Time | 12 Aug 2026, 9:02 a.m. |
| Price Sensitive | Yes |
RLF Agtech Ltd Secures $3.9 Million in Funding
- RLF Agtech Ltd has secured $3.9 million in funding through share placement and convertible notes.
- Funds will be used for raw materials, inventory, capital expenditure, and joint ventures.
- Placement shares and notes are subject to shareholder approval on 28 August 2026.
- Board and management participated in the raise.
RLF AgTech Ltd (ASX: RLF) has announced a successful raise of approximately $3.59 million through a share placement and $0.31 million via convertible notes, subject to shareholder approval at the General Meeting on 28 August 2026. The placement shares will be issued at $0.028 each, a 3.4% discount to the last closing price. The convertible notes offer an 11.5% annual interest, payable quarterly, with a maturity date of 1 September 2028. The funds will be used to secure raw materials and inventory, undertake targeted capital expenditure, and advance joint venture opportunities, providing additional working capital to support increased commercial activity.
RLF Agtech Ltd expects to raise $3.9 million through share placement and convertible notes.
The company plans to use the funds to secure raw materials, fulfill customer pre-orders, and advance joint venture opportunities.