HITIQ Secures AU$250,000 Placement and New AU$1.4 Million Loan Facility to Advance Consumer Market Pivot.

HITIQ Limited (ASX: HIQ) has bolstered its capital position through an AU$250,000 placement and a new AU$1.4 million RDTI loan facility to support its consumer market expansion. The placement, issued at AU$0.022 per share, raised funds from a strategic investor and included one option for every two shares, exercisable at the same price and expiring in December 2028. The issue price reflects a 22.2% premium to the recent closing price and 7.7% above the 15-day VWAP, highlighting investor confidence.

In addition, HITIQ has entered into an AU$1.4 million loan agreement with No Bull Health Pty Ltd, associated with its major shareholder Harmil Angel Investments. An initial AU$480,000 has already been drawn, with shareholder approval to secure the loan against forecast R&D expenditure to be sought at the upcoming AGM. These funds will be directed towards accelerating HITIQ’s commercialisation of its concussion management technology and driving its consumer-focused growth strategy.

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