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HighCom Limited (ASX:HCL)

ALERT: Price-sensitive ASX Announcement for HCL
Current share price for HCL : $0.105 -0.085 (-44.74%)+
Announcement
Release
10 Mar 2026 9:59AM
Price at Release
$0.190
Full Release
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Summary
HighCom Limited announced the completion of its Share Purchase Plan (SPP), which successfully raised $794,500 from 80 applications received from 2,605 eligible shareholders. The new shares were priced at $0.20 each, and all subscriptions were accepted without any scale-back. The proceeds from this SPP will be combined with $7 million raised from a prior placement to support sales growth, product manufacturing, capital expenditures, and operational growth initiatives. The issuance of the new shares was aligned with the ASX Listing Rule 7.2, Exception 5, and their quotation was expected to commence on March 11, 2026. The company's board expressed gratitude towards participating shareholders and authorized the release of this ASX announcement.
Key Points
  • SPP raised $794,500 from 80 applications.
  • 3,972,500 new shares issued at $0.20 each.
  • Funds to support sales growth and product manufacturing.
  • Combined with $7 million from a prior placement.
  • No scale-back applied; all subscriptions accepted.
  • New shares issued under ASX Listing Rule 7.2, Exception 5.
  • Quotation expected to commence on March 11, 2026.
  • Board thanked participating shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.