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WHITEHAWK LIMITED — Capital/Financing Update 2023
Aug 17, 2023
66062_rns_2023-08-17_a6fb1017-1175-4f82-a264-5c725cad0f88.pdf
Capital/Financing Update
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FOR IMMEDIATE RELEASE 18 August 2023
Completion of Oversubscribed Entitlement Offer
Perth, WA and Alexandria, VA - WhiteHawk Limited (ASX:WHK) (“WhiteHawk” or “the Company”), the first global online cyber security exchange enabling businesses and organizations of all sizes to take smart action against cybercrime, fraud, and disruption, refers to the nonrenounceable pro-rata offer of ordinary fully paid shares ( Shares ) at an issue price of A$0.032 each to eligible shareholders on the basis of 1 new Share for every 6 Shares held on the Record Date (the Offer ) announced on 19 July 2023 and the offer document announced on 25 July 2023 ( Offer Document ).
The Company is pleased to announce that the Entitlement Offer received strong support from both existing shareholders and new investors and was oversubscribed.
Terry Roberts, the Executive Chair and CEO of the Company, along with Melissa King and Brian Hibbeln, Non-Executive Directors, have participated in the Entitlement Offer.
The Company confirms that a total of 42,760,097 shares have been issued today, raising approximately A$1,368,328.73 (before costs). The Company confirms that an Appendix 2A seeking quotation of 42,760,097 shares will be lodged with the ASX today, 18 August 2023 and expects quotation of the issued Shares to commence on Monday 21 August 2023.
The results of the Entitlement Offer are as follows:
| Description | No. of shares | Fund raised (before costs) |
|---|---|---|
| Entitlement Shares taken up by Eligible Shareholders |
12,658,702 | A$405,080.42 |
| Shortfall Offer taken up by Eligible Shareholders | 9,613,021 | A$307,620.34 |
| Shortfall Offer allocated to new investors | 20,488,374 | A$655,627.97 |
| Total number of Shares issued | 42,760,097 | A$1,368,328.73 |
The Board of WhiteHawk Limited would like to thank all shareholders who have participated in the Entitlement issue for their continued support
-ENDS-
WhiteHawk Limited Level 28 140 St Georges Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com
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Authorised for release by Terry Roberts (Chief Executive Officer and Executive Chair).
For more information:
| Media inquiries (USA) | Investor inquiries (AUS) | Institutional Inquiries |
|---|---|---|
| WhiteHawk | WhiteHawk | Viaticus Capital |
| Marketing & Communications | Company Secretary | Principal |
| Morgan Goodale | Kevin Kye | Gavin Rezos |
| [email protected] | [email protected] | [email protected] |
| +1 571 236-8524 | +61 8 6311 4636 | +447447560303 |
About WhiteHawk
Launched in 2016, WhiteHawk began as a cyber risk advisory service with a vision to develop the first online end-to-end cyber risk monitoring, prioritization and mitigation cyber security exchange, democratizing access for companies and organizations to continually address Digital Age Risks. WhiteHawk now operates a cloud based Cyber Risk Platform with Software as a Service and Platform as a Service Product Lines and subscriptions that automate and scale digital age risk prioritization and mitigation. Via their online cyber security exchange, the Company also continuously vets and offers a breadth of next generation cyber risk and security solutions, enabling all businesses and organizations to take smart action against cybercrime, fraud, and disruption, for themselves, their clients and across their supply chains, on an ongoing basis with demonstrated time and cost savings. For more information, visit www.whitehawk.com.
WhiteHawk Limited Level 28 140 St Georges Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com