Source: Kapitales Research

Highlights:

• Swift secured commitments for an AU$1.9 million placement and a proposed AU$430,000 debt-to-equity conversion, strengthening liquidity and reducing balance sheet obligations.
• The funding follows the recently announced five-year Chevron contract valued at approximately AU$2.9 million, marking Swift’s first major deployment within the oil and gas sector
• Management intends to use the proceeds to accelerate customer rollouts, support inventory procurement, and expand recurring subscription revenue streams across multiple industry verticals.

Swift TV Ltd (ASX: STV) closed unchanged at AU$0.010 despite announcing a significant funding package designed to support the next phase of its commercial expansion. The company secured firm commitments from sophisticated and professional investors for AU$1.9 million capital raising, while PURE Asset Management also agreed, subject to shareholder approval, to convert AU$430,000 of outstanding debt into equity. Combined, the initiatives are expected to deliver approximately AU$2.33 million of additional capital and balance sheet support.

Funding Package Strengthens Growth Capacity

The placement involves the issue of 237.5 million new shares at AU$0.008 per share, generating AU$1.9 million before costs. The offer price is set at a 20% discount to the company’s most recent closing share price of AU$0.01 and is 16% below the 15-day volume-weighted average price of 0.95 cents. Management stated that the funds will be directed toward scaling Swift TV deployments and supporting working capital requirements.

Debt Conversion Improves Balance Sheet Position

In addition to the placement, PURE Asset Management agreed to convert AU$430,000 of outstanding debt into approximately 53.75 million shares at the same issue price as the placement. The proposed conversion is expected to reduce debt obligations while further aligning PURE's interests with long-term shareholders. Completion of the transaction is still contingent upon shareholder consent, which is anticipated to be sought at a general meeting scheduled for July 2026.

Chevron Contract Provides Strategic Validation

The capital raising follows Swift’s recently announced five-year Chevron agreement valued at approximately AU$2.9 million. The contract represents the company's first major Swift TV deployment within the oil and gas industry and is expected to generate recurring subscription revenue immediately after implementation. Management believes the Chevron win strengthens the commercial credibility of the platform and broadens future market opportunities.

Expanding Deployment Pipeline Supports Revenue Growth

Swift indicated that the additional funding will support contracted deployments across aged care, hospitality, workforce accommodation, and energy-sector projects. The company plans to use the proceeds to procure inventory, accelerate installations, and convert existing contracted opportunities into recurring subscription-based revenue streams. According to management, the placement materially enhances its ability to execute a growing rollout pipeline across multiple enterprise customer segments.

Board Participation Signals Internal Confidence

Chairman Charles Fear committed to subscribe for AU$60,000 worth of shares under the placement, equivalent to 7.5 million shares, subject to shareholder approval. The participation is viewed as a positive signal regarding management and board confidence in Swift TV’s commercial rollout strategy and long-term growth prospects.

Focus Turns to Execution and Subscription Growth

With additional capital secured and debt reduction underway, investor attention is likely to shift toward deployment execution, customer onboarding, and the pace at which Swift converts project wins into recurring revenue. As the company expands across mining, oil and gas, aged care, and hospitality sectors, sustained growth in subscription income may become a key indicator of long-term value creation.

Note- All data presented is based on information available at the time of writing.

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