Pacific Edge Completes NZ$36.1 Million Capital Raising; Retail Offer Closes Significantly Oversubscribed

On 13 May 2026, Pacific Edge confirmed a NZ$31.4 million capital raising at NZ$0.17 per share, comprising a NZ$25.4 million placement (Placement) and a NZ$6 million retail offer (with the ability to accept over-subscriptions at PEB’s discretion) (Retail Offer).

The Retail Offer closed on 28 May 2026, with total applications for NZ$46.0 million of new ordinary shares. In recognition of strong Retail Offer support, the Directors have resolved to accept NZ$4.7 million of oversubscriptions to raise NZ$10.7 million under the Retail Offer. This has resulted in the vast majority of applicants under the Retail Offer receiving an allocation meaning they at least maintain their relative pre-capital raising shareholding (or if they applied for a lesser amount, their full application).

The proceeds from the Retail Offer, combined with the associated NZ$25.4 million Placement that preceded it, brings the new equity raised to NZ$36.1 million in aggregate.

The Retail Offer was open to “Eligible Shareholders”, who are all persons recorded on Pacific Edge’s share register at 7:00pm NZST on Friday, 8 May 2026 as being a holder of Pacific Edge shares and having an address in New Zealand.

Of the NZ$10.7 million raised under the Retail Offer, NZ$10.2 million will be issued under the share purchase plan rules (NZX Listing Rule 4.3.1(c)) and NZ$0.5 million under Pacific Edge’s placement capacity (NZX Listing Rule 4.5.1). The Retail Offer was scaled in accordance with the terms contained in the Retail Offer Document, dated 14 May 2026. Scaling of all applications under the Retail Offer was undertaken with reference to the number of shares held by Eligible Shareholders accepting the Retail Offer at 7:00pm NZST on the record date of 8 May 2026.

Under the Retail Offer, 62,703,746 new shares will be issued at NZ$0.17 per share. All shares issued as part of the Retail Offer are expected to be allotted to participants on 4 June 2026 and will rank equally with all ordinary shares on issue on that date. Trading of new shares issued under the Retail Offer is expected to commence on NZX on 4 June 2026.

Confirmation of the number of shares issued to participating shareholders under the Retail Offer will be sent on or around 4 June 2026.

The refund of any surplus application amounts will occur within five business days following settlement in accordance with the terms of the Retail Offer.

Pacific Edge is grateful for the ongoing support of Pacific Edge shareholders.

Chairman Simon Flood said: "Pacific Edge is in a strong strategic position supported by our successful capital raising of NZ$36.1 million. The long-term opportunity ahead for Cxbladder has been reinforced by the quality of the company's clinical evidence, the strength of support expressed at the Novitas-convened Contractor Advisory Committee in February 2026, the growing recognition from commercial payers, the early wins in APAC and now the draft LCD.”

“We are immensely grateful for the support of our shareholders, with over 93% of the capital raised coming from existing shareholders. We are looking forward to seeing this support rewarded with a return to growth and delivery on the significant potential we see for Pacific Edge.”