Pacific Edge SPP Closes; $20.7m Of Total New Equity Pledged

On 13 May 2025, Pacific Edge announced a $20.0 million capital raise comprising a $15.0 million placement and a $5.0 million Share Purchase Plan (SPP).

The SPP closed on 31 July 2025, with subscriptions for ~$4.7 million of new ordinary shares. The Directors have resolved to accept all eligible SPP applications in full.

The proceeds from the SPP, combined with an associated ~$16.1 million Placement that preceded it, brings the new equity committed to the company to $20.7 million in aggregate. This is greater than the $20.0 million initially sought as the Placement was upsized after Directors resolved to accept oversubscriptions.

The Placement is conditional on shareholder approval, which is to be sought at the Annual Shareholders’ Meeting on 6 August 2025. The issue of shares under the SPP is conditional on the Placement becoming unconditional.

Subject to these conditions being met, the 207,350,411 new shares will be issued at $0.10 per share. All shares issued as part of the Placement and the SPP are expected to be allotted to participants on 13 August 2025 and will rank equally with all ordinary shares on issue on that date.

Key Dates of the SPP*:
6 August 2025 - Annual Shareholders’ Meeting
- Shareholders’ meeting to, amongst other things, approve the Placement

13 August 2025 - Allotment Date and commencement of trading on NZX
- Shares are allotted under the Placement and the SPP. Trading of the Shares is expected to commence on the NZX Main Board on the Allotment Date and on ASX on the business day following the Allotment Date.

13 August 2025 - Holding Statements
- Holding Statements are sent to Applicants who are allotted Shares under the SPP

* Subject to the NZX and ASX Listing Rules and applicable laws, Pacific Edge reserves the right to alter any dates for the SPP.