R&D Tax Incentive Receipt and Repayment of RDTI Facility

Key points

• HITIQ received $1.6m from the R&D Tax Incentive Scheme
• $1.472m of the funds were used to repay the RDTI Facility
• A balance of $86k will be incorporated into a new RDTI Facility for 2025

Full summary

HITIQ Limited (ASX: HIQ) has announced the receipt of approximately $1.600m from the R&D Tax Incentive Scheme (RDTI). In line with the RDTI funding facility with Keystone Capital Partners Pty Ltd (RDTI Facility) that was previously announced on 11 September 2024, approximately $1.472m of the RDTI funds received has been utilised to repay principal, costs and interest owing under the RDTI Facility. The remaining balance of $86k will be incorporated into a new RDTI Facility for the 2025 RDTI. This announcement has been authorised for release by the HITIQ Board of Directors.