ION Video Limited (ASX:IOV) has received a firm commitment from Magnus Rosengren, CEO and Founder of strategic partner Priority Impact AB, to invest A$1 million through a share placement of 2,000,000 fully paid ordinary shares at A$0.50 per share, together with 3,200,000 free-attaching options exercisable at A$1.25 each and expiring 30 June 2027.

Key Points

  • Magnus Rosengren to invest A$1 million via placement of 2,000,000 shares at A$0.50 per share
  • Placement includes 3,200,000 free-attaching options exercisable at A$1.25 each, expiring 30 June 2027
  • Shares and options to be issued under ASX Listing Rule 7.1; placement expected to settle in December 2026
  • Phase 1 preliminary results from Swinburne University of Technology expected by end of January 2027
  • Nordic data centre operators Telia and Fossefall have confirmed interest in participating in phase 2, subject to phase 1 results

Placement Structure and Use of Funds

Under the placement, Magnus Rosengren will be issued 2,000,000 fully paid ordinary shares at A$0.50 per share, for a total investment of A$1 million. The placement also includes 3,200,000 free-attaching options exercisable at A$1.25 each, expiring on 30 June 2027. The shares and options will be issued within ION's existing placement capacity under ASX Listing Rule 7.1, with settlement expected in December 2026. Funds raised from the placement will be allocated towards the strategic validation program for the ION technology suite and general working capital, according to the filing.

Data Centre Validation Trial Progress

Swinburne University of Technology is conducting an independent assessment of ION's technology against two thresholds: a 30% increase in capacity and a 30% reduction in operating costs. Phase 1 preliminary results are expected by the end of January 2027, with a full detailed report to follow within the subsequent three months. AWS proof of concept results are expected later in November 2026. Following successful completion of phase 1, Priority Impact will manage a competitive tender process among Nordic data centre operators for an exclusive phase 2 trial, with bid conditions setting a minimum fee of A$1 million to be paid to ION to proceed.

Nordic Operator Interest and Priority Impact Background

Nordic data centre operators Telia, described in the filing as the Nordics' largest operator, and Fossefall, described as the fastest growing, have confirmed their interest in participating in phase 2, subject to phase 1 results. Priority Impact and ION Managing Director and CEO Anthony Baker have met Telia's Chief Executive Officer and Management. Priority Impact is an advisory and investment firm focused on energy, defence, industrial technology and AI, founded and led by Magnus Rosengren. The firm's senior advisers include Carl Bildt, former Prime Minister and Minister of Foreign Affairs of Sweden, and Lars-Johan Jarnheimer, Chairman of the Board of Ingka Group (IKEA) and Telia Company AB.