Swift Networks Raises AU$1.6 million to Accelerate Swift TV Rollout

Swift Networks Group Limited (ASX: SW1) announced that at the time of writing it has completed an oversubscribed AU$1.6 million placement to institutional and sophisticated investors. The funds were raised through the issue of 118.6 million shares at AU$0.0135 per share, representing a discount to the recent market price. Participants will also receive one free-attaching option for every four shares subscribed, exercisable at AU$0.03 within two years.

Board and management contributed AU$125,000, while the Sofoulis family, a major shareholder, subscribed for AU$100,000. Settlement of most shares and options is scheduled for 8 October 2025.

Proceeds will be directed toward the rollout of Swift TV, the company’s next-generation engagement and entertainment platform, as well as for general working capital. Swift CEO Brian Mangano said the strong investor support highlights confidence in the company’s strategy to expand Swift TV into new markets and verticals.

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