OpenLearning Raises $980K in Commitments for Up to $2.5 Million Capital Raising

Aakashdeep

09 November 2026 03:33 PM AEDT

OpenLearning Raises $980K in Commitments for Up to $2.5 Million Capital Raising

Image Source: Krish Capital Pty Ltd

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OpenLearning Limited (ASX:OLL), an AI-powered learning management system, has disclosed that total commitments to its capital raising have reached $980,000, comprising a $430,000 Placement and approximately $550,000 committed by Directors under the Entitlement Offer, ahead of the Entitlement Offer formally opening on 18 November 2026.

Key Points

Total commitments stand at $980,000, including a fully committed $430,000 Placement and approximately $550,000 from Directors, including largest shareholder ECA Investments Group Pty Ltd.
The Placement was increased from $150,000 to $430,000 following additional demand from sophisticated and professional investors; 43,000,000 new shares and 43,000,000 New Options will be issued at $0.010 per share.
The Entitlement Offer is a 1-for-4 non-renounceable offer at $0.010 per share, with one free attaching option per new share exercisable at $0.015 and expiring 31 October 2027.
The Entitlement Offer is expected to raise up to approximately $2.06 million, with the total capital raising up to approximately $2.49 million before costs.

Placement Increase and Share Issuance Details

Following additional demand from investors after the initial announcement on 2 November 2026, OpenLearning increased the Placement from $150,000 to $430,000. The Company will issue 43,000,000 new fully paid ordinary shares and 43,000,000 New Options within its existing placement capacity under ASX Listing Rule 7.1. The Placement shares and New Options are expected to be issued on or about Wednesday 11 November 2026, prior to the Record Date, enabling Placement participants to also participate in the Entitlement Offer. No lead manager fees are payable, as the Placement is managed directly by the Company. ECA and Directors are not participating in the Placement.

Entitlement Offer Terms and Director Commitments

The Entitlement Offer invites eligible shareholders with a registered address in Australia, New Zealand, Malaysia or Singapore to subscribe for one new share for every four shares held at 7:00pm AEDT on Friday 13 November 2026, at $0.010 per share, with one free New Option for every new share subscribed. Up to approximately 206,284,950 new shares and 206,284,950 New Options will be offered. Approximately $550,000 has been committed by Directors, including approximately $525,000 from ECA Investments Group Pty Ltd, an entity associated with Non-Executive Director Rupesh Singh. The offer is non-renounceable, not underwritten, and has no minimum subscription.

Updated Entitlement Offer Timetable

According to the filing, the Prospectus is expected to be lodged with ASIC and ASX on or about Tuesday 10 November 2026 and dispatched to eligible shareholders on Wednesday 18 November 2026, when the Entitlement Offer opens. The Entitlement Offer closes at 5:00pm AEDT on Thursday 3 December 2026. New shares are expected to be quoted on a deferred settlement basis on Friday 4 December 2026, with the issue of new shares and New Options and announcement of results on Thursday 10 December 2026, and expected commencement of trading of new shares on Friday 11 December 2026. All dates are indicative and subject to change.

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