NVQ receives firm commitments for $1.805m placement

• NoviqTech raises $1.805M through share placement
• Issue price at $0.035 per share, 10.3% discount
• Prenzler and Peak act as joint lead managers

NoviqTech Ltd. has announced receiving binding commitments from sophisticated and professional investors to raise approximately $1.805 million through a share placement. The company plans to issue up to 51.5 million fully paid ordinary shares at $0.035 each, a 10.3% discount from the last traded price. The placement is subject to shareholder approval at the upcoming AGM. Prenzler Group and Peak Asset Management are acting as joint lead managers, with $30,000 in cash fees payable to them. Additionally, WFC Nominees Australia will receive 7.96 million shares for consultancy and broker fees.