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NOVIQTECH LIMITED — Capital/Financing Update 2025
Mar 4, 2025
65456_rns_2025-03-04_e6072524-2c23-4267-b435-5f9b5bac2329.pdf
Capital/Financing Update
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RESULT OF OPTION ENTITLEMENT OFFER
NoviqTech Limited ( ASX:NVQ ) ( NVQ or the Company ) is pleased to advise that its non-renounceable pro rata entitlement offer of one option (each with an exercise price of $0.20 and expiry date three years from issue) ( New Option ) for every two shares held by shareholders with a registered address in Australia or New Zealand at 7.00pm (AEDT) on 12 February 2025 ( Record Date ) at an issue price of $0.002 per New Option ( Offer ) was fully subscribed, raising approximately $251,526 before costs.
An amount of $163,546.74 was raised from eligible shareholders taking up their entitlements. All eligible shareholders who returned valid acceptances will receive New Options for their full entitlement (or such lesser number as they accepted). The level of applications received from eligible shareholders for New Options from the shortfall exceeded the balance of New Options available after fulfilling acceptances of entitlements and shortfall applications have therefore been scaled back.
The Company will refund any additional amount received in respect of applications for shortfall that are not accepted by the Company as part of the scale back.
The Company confirms the Offer was fully subscribed and that an aggregate of 125,768,275 New Options will be issued under the Offer. The Company will apply for quotation of New Options issued.
The Board thanks shareholders for the support they provided in participating in the Offer.
Approved for release by the Board of Directors.
For any queries relating to this announcement, please contact: [email protected].
About NoviqTech
NoviqTech (ASX: NVQ) leverages artificial intelligence and distributed ledger technology to offer trusted solutions for supply chain reporting, carbon emissions tracking, and guarantee of origin. Through its platforms, the company supports organisations worldwide in making data-driven decisions and driving sustainable growth.
Visit noviqtech.com for more information.
NoviqTech Limited | ABN 37 622 817 421 | Level 23, 85 Castlereagh Street, Sydney, NSW, 2000