Stealth Group Holdings Ltd (ASX:SGI)

ALERT: Price-sensitive ASX Announcement for SGI

Current share price for SGI : $1.200 0.03 (2.56%)⁺

Announcement

Completion of $19.5m Placement

Release

25 Nov 2025 9:35AM

Price at Release

$1.170

Full Release

Summary

Stealth Group Holdings Ltd announced the successful completion of a $19.5 million capital raising through a share placement to institutional and sophisticated investors. This placement involved issuing 19.5 million new ordinary fully paid shares at $1.00 per share, representing a discount to recent trading prices. The funds raised will primarily be used to pay down existing debt and provide additional working capital to support the integration of Hardware and Building Traders (HBT) and the expansion of Stealth's wholesale distribution strategy. The settlement of the placement is expected on 1 December 2025, with shares commencing trading on the ASX on 2 December 2025.

Key Points

Successful completion of a $19.5 million capital raising.
Placement involved 19.5 million new shares issued at $1.00 per share.
Funds to pay down debt and support HBT integration.
Expansion of wholesale distribution strategy.
Shares expected to trade on ASX from 2 December 2025.

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.