Dataworks Group Limited (ASX:DWG) has announced that the shortfall under its recently completed pro-rata non-renounceable Entitlement Offer has been fully subscribed, completing the company's capital raising program that raised A$4.24 million in aggregate before costs.

Key Points

  • The Shortfall Offer of A$823,367.16, representing 6,861,393 shares at A$0.12 per share, has been fully subscribed.
  • Total capital raising of A$4.24 million before costs comprises a A$3.0 million Placement and approximately A$1.24 million under the Entitlement Offer.
  • The company expects to issue 6,861,393 new fully paid ordinary shares and 3,430,699 free attaching unlisted options on 13 November 2026.
  • The unlisted options are exercisable at A$0.20 and expire on 31 December 2027.

Shortfall Offer Completion and Subscription Details

Dataworks Group disclosed on 11 November 2026 that it received applications for the full amount of the Shortfall Offer, which has now closed fully subscribed. The net shortfall was previously disclosed on 15 October 2026 as A$823,367.16, representing 6,861,393 shares priced at A$0.12 per share. The securities to be issued under the Shortfall Offer will be issued pursuant to Listing Rule 7.2 Exemption 3, according to the filing.

Securities to Be Issued on 13 November 2026

The company expects to issue 6,861,393 new fully paid ordinary shares alongside 3,430,699 free attaching unlisted options on Friday, 13 November 2026. The unlisted options are exercisable at A$0.20 per option and carry an expiry date of 31 December 2027. The securities will be issued pursuant to Listing Rule 7.2 Exemption 3, as stated in the filing. The Shortfall Offer was not available for release to US wire services or distribution in the United States.

Aggregate Capital Raising Program

With the completion of the Shortfall Offer, Dataworks' capital raising program raised A$4.24 million in aggregate before costs. This total comprised the A$3.0 million Placement and approximately A$1.24 million raised under the Entitlement Offer. The company said its focus remains on the successful delivery and growth of its existing government programs, while progressing its pipeline of new government and commercial opportunities, according to the filing.