WhiteHawk Raises AU$2 Million via Share Placement

MT Newswires Live

2025/07/25

WhiteHawk (ASX:WHK) secured firm commitments to raise AU$2 million through a two-tranche placement of 173.9 million shares at AU$0.0115 apiece, according to a Friday filing with the Australian bourse.

The placement also includes one free attaching listed option for every two new shares subscribed, exercisable at AU$0.02 apiece and expiring Apr. 24, 2028, the filing said.

The proceeds will be used for working capital and the company's pipeline of artificial intelligence and machine learning-based cyber risk platform-as-a-service and software-as-a-service contract opportunities, per the filing.

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