Highlights

  • Proposed issue of 136,363,636 shares at $0.022 per share.
  • 68,181,818 free attaching unlisted Options exercisable at $0.045, expiring in three years.
  • Sixty Two Capital is lead broker, receiving a 6% fee and 24 million options.
  • Proposed Issue Date of 19 October 2026.

dorsaVi Ltd (ASX:DVL) has lodged an Appendix 3B outlining a proposed Placement after deciding to proceed with a broker-led raise following a review of market conditions.

Placement Terms

The company proposes to issue 136,363,636 fully paid ordinary shares at $0.022 each, along with 68,181,818 free attaching unlisted options exercisable at $0.045 and expiring three years from issue. Each option converts into one ordinary share upon exercise.

The proposed issue date is 19 October 2026. The new options will not be quoted on the ASX.

Placement Capacity and Broker Arrangements

13,363,636 shares and all 68,181,818 options will be issued under the company's 15% capacity under Listing Rule 7.1, while 123,000,000 shares will be issued under the 10% capacity under Listing Rule 7.1A.

Sixty Two Capital Pty Ltd is acting as lead broker and will receive a 6% capital raising fee plus 24,000,000 unlisted options.

Use of Funds

The funds will be used to accelerate dorsaVi's three-vertical strategy across sensors and movement data, the intelligence layer and semiconductors, with a focus on humanoid robotics and defence.

Proceeds will also cover the costs of the offer and working capital. No external approvals are required, and the company's Dividend policy remains unchanged.

Key Takeaways

  • dorsaVi plans to issue about 136.4 million shares at $0.022 with free attaching options.
  • The raise uses existing placement capacity under Listing Rules 7.1 and 7.1A.
  • Funds will support the company's focus on humanoid robotics and defence applications.