HITIQ Launches $3.6 Million Capital Raising Initiative to Accelerate Consumer Market Pivot

Highlights:

• Placement raises $680k at 12% discount; rights issue to raise up to $2.92 million.
• Funds support consumer pivot, global expansion, and R&D
• Board and strategic investors show strong commitment through underwriting

Placement Completed with Strategic Investors

HITIQ Limited (ASX: HIQ) has successfully raised approximately $680,000 before costs through a share placement at $0.022 per share, representing a 12% discount to the closing price on April 24, 2025, and a 28.1% discount to the 30-day VWAP at the time of writing. This placement welcomed new sophisticated investors and includes an attaching option (exercisable at $0.022, expiring December 30, 2028) for every two shares issued.

Rights Issue to Raise Additional $2.92 Million

 The company is also launching a non-renounceable rights issue to raise up to $2.92 million before costs, offering eligible shareholders one new share for every three held, at the same $0.022 price. This offer mirrors the placement terms and includes one option for every two new shares. The issue is partially underwritten to $1.2 million, with HITIQ’s board committing a further $67,000 in sub-underwriting. The rights issue opens on May 23 and closes June 6, 2025.

Funds to Drive Global Expansion and Innovation

Proceeds from the placement and rights issue will fund HITIQ’s strategic expansion and product development:

• 25% allocated to scaling operations in the US market.
• 22.5% for boosting manufacturing capacity.
• 15% each for business development and product enhancements.
• 12.5% for R&D, including AI capabilities.
• 10% for general working capital.

HITIQ Non-Executive Chairman Earl Eddings said the capital raise demonstrates investor confidence in HITIQ’s shift towards the consumer market. GBA Capital and SP Corporate Advisory acted as Joint Lead Managers.

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