Schoolblazer Limited (ASX:SBZ) has disclosed binding commitments to raise a further $150,000 before costs through the issue of 1.5 million fully paid ordinary shares, extending its placement first announced on 3 November 2026, with total commitments across the placement now standing at approximately A$5.475 million before costs.

Key Points

  • Binding commitments received for an additional $150,000 (before costs) via the issue of 1.5 million fully paid ordinary shares
  • Shares are issued on the same terms as the placement announced on 3 November 2026
  • Total commitments including the original placement now stand at approximately A$5.475 million before costs
  • Settlement of the additional shares is expected to occur at the same time as Tranche 2 of the placement

Placement Top-Up Terms and Share Issuance

According to the filing dated 6 November 2026, the additional raising involves the issue of 1.5 million fully paid ordinary shares at the same terms as the placement originally announced on 3 November 2026. The company stated that the additional $150,000 in commitments followed additional demand received after the original placement was disclosed. The filing confirmed that settlement of the additional shares is expected to occur at the same time as Tranche 2 of the placement, though no specific settlement date was disclosed in the filing.

Total Placement Commitments of Approximately A$5.475 Million

The filing states that total commitments, incorporating both the original placement and the additional raise, now stand at approximately A$5.475 million before costs. The company disclosed that the additional funds raised through this top-up will be used for the same purposes as set out in the announcement dated 3 November 2026. The filing did not detail those specific purposes within this update, referencing the earlier disclosure for that information. No further breakdown of the total placement commitments was provided in the filing.

About Schoolblazer Group

Schoolblazer Limited is the holding company of the Schoolblazer Group, described in the filing as a technology-led, vertically integrated global schoolwear and sportswear business. The group maintains school relationships across the United Kingdom, Australia and New Zealand, and holds a portfolio of brands including Schoolblazer, Trutex, Limitless and Akoa. The filing also references a custom in-house e-commerce and product platform supporting the group's operations across its international footprint. The filing was authorised by the Board for immediate release.