Highlights

Schoolblazer received binding commitments to raise a further AUD 150,000 before costs through the issue of 1.5 million fully paid ordinary shares.

Settlement of the additional 1.5 million shares is expected to occur at the same time as Tranche 2 of the existing placement.

Schoolblazer stated that the extra Capital will be applied to the purposes set out in its 3 November 2026 announcement.

With total commitments at approximately AUD 5.475 million before costs, the immediate milestone is settlement and share issuance under the Placement arrangements.

Schoolblazer Limited (ASX:SBZ) is carrying out an Equity placement and has reported a further commitment from investors. The company’s 6 November 2026 update is focused on the additional amount, share count and settlement arrangements rather than a new operating result. The incremental fundraising follows a placement first announced on 3 November and is intended to be completed alongside its second tranche.

Additional Commitments Increase the Total

Schoolblazer received binding commitments to raise a further AUD 150,000 before costs through the issue of 1.5 million fully paid ordinary shares. The additional shares will be issued on the same terms as the placement announced on 3 November 2026. Including the original placement, total commitments now stand at approximately AUD 5.475 million before costs. These are commitment figures rather than a statement that all placement cash has already been received.

The Second Tranche Sets the Timing

Settlement of the additional 1.5 million shares is expected to occur at the same time as Tranche 2 of the existing placement. This means the latest commitments are being incorporated into the placement process already in progress rather than being handled as an independently scheduled transaction. The announcement does not Supply a separate fixed settlement date for the incremental issue; the relevant reference point is the previously announced Tranche 2 timetable.

Use of Proceeds Remains Unchanged

The company stated that the extra capital will be applied to the purposes set out in its 3 November 2026 announcement. The 6 November document does not repeat those purposes in detail. As a result, the incremental AUD 150,000 should be understood as additional funding under the existing capital raising, not evidence of a newly announced acquisition, operating program or project allocation. No new earnings, sales or operating performance figures accompanied the notice.

What the Next Update Needs to Establish

With total commitments at approximately AUD 5.475 million before costs, the immediate milestone is settlement and share issuance under the placement arrangements. Timing and final cash proceeds remain subject to transaction completion and costs. The update is a financing notice, so it does not provide a basis for conclusions about future sales, profit or the performance of Schoolblazer’s underlying operations.