Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
OpenLearning Secures AU$980K in Commitments for Up to AU$2.49 Million Capital Raising
Highlights
OpenLearning Secures AU$980,000 Through Capital Raising
OpenLearning Limited (ASX: OLL) confirmed on 9 November 2026, that it had secured total commitments of AU$980,000 towards its proposed capital raising initiative. The fundraising comprises a fully committed placement of AU$430,000 and approximately AU$550,000 committed by directors under the entitlement offer, including approximately AU$525,000 from ECA Investments Group Pty Ltd. The capital raising follows the company's earlier announcement on 2 November 2026, and reflects continued investor participation in its fundraising plans.
How the Placement Is Structured
Under the placement, OpenLearning will issue 43 million new fully paid ordinary shares at AU$0.010 each. The company will provide participants with an additional option at no extra cost for each new share they subscribe to. These options will be exercisable at AU$0.015 and expire on 31 October 2027.
The placement has increased from AU$150,000 to AU$430,000 following additional investor demand. The company plans to complete the issuance of the placement shares and accompanying options by approximately 11 November 2026, utilizing its available allocation under ASX Listing Rule 7.1. ECA and the directors are not participating in the placement.
One-for-Four Share Offer Supports Company's Proposed Capital Raising
The company intends to raise up to approximately AU$2.06 million through a non-renounceable entitlement offer, taking the total capital raising to approximately AU$2.49 million before costs. Eligible shareholders will be offered one new share for every four shares held at AU$0.010 per share, together with one free attaching option for each new share subscribed. The offer will be available to eligible shareholders registered in Australia, New Zealand, Malaysia and Singapore.
What Investors Can Watch Next
The entitlement offer's record date is 13 November 2026, with the offer expected to open on 18 November 2026 and close on 3 December 2026.
The company plans to complete the distribution of the new shares and options under the entitlement offer on 10 December 2026, while trading of the newly issued shares is scheduled to begin on 11 December 2026, subject to ASX approval. The company will continue progressing its capital raising while providing eligible shareholders an opportunity to participate alongside existing investors and directors.
Note- All data presented is based on information available at the time of writing.
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