FBR Limited (ASX:FBR) Launches $2.5m Share Purchase Plan Alongside $1.5m Placement

Sonal Goyal

14 September 2026 06:44 PM AEST

FBR Limited (ASX:FBR) Launches $2.5m Share Purchase Plan Alongside $1.5m Placement

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Highlights

FBR Limited has launched a Share Purchase Plan seeking to raise $2.5 million, combined with a $1.5 million institutional Placement for a total Capital raise of $4 million.
Eligible shareholders can subscribe for between $1,000 and $30,000 of shares at a price representing a 20.9% discount to the last traded price.
Each share subscribed comes with one free-attaching option, exercisable at $0.14 and expiring five years from issue, subject to Shareholder approval.
Proceeds will fund Factory Acceptance Testing and demonstrations of the Mantis welding robot, commercialisation of the Hadrian platform, Debt repayment and working capital.

FBR Limited (ASX:FBR) has launched a Share Purchase Plan to raise $2.5 million, forming part of a combined $4 million capital raise alongside a $1.5 million placement to institutional and sophisticated investors. The raise is intended to support the commercialisation of the company's Mantis welding robot and Hadrian construction platform.

Terms of the Share Purchase Plan

Under the SPP, eligible shareholders with a registered address in Australia or New Zealand as at the Record Date of Friday, 4 September 2026, can subscribe for between $1,000 and $30,000 worth of fully paid ordinary shares. The offer opened on Monday, 14 September 2026, and closes Friday, 25 September 2026 at 5:00pm AWST, with shares expected to be issued on 2 October 2026 and to commence trading on 5 October 2026. The Offer Price will be the lower of $0.115, the same price as the institutional placement, or a 2.5% discount to the five-day Volume weighted average price, rounded down to the nearest 0.1 cent, representing a 20.9% discount to FBR's last traded price of $0.145 on 2 September 2026. The SPP is fully underwritten by Alpine Capital Pty Ltd.

Each share subscribed under the SPP will come with one free-attaching option, exercisable at $0.14 and expiring five years from its issue date, subject to shareholder approval. CEO Mark Pivac and COO Kiel Chivers have both indicated their intention to participate in the offer alongside eligible shareholders.

Use of Proceeds

FBR said proceeds from the combined SPP and placement will be directed toward Factory Acceptance Testing and demonstrations of its Mantis welding robot, ongoing commercialisation of its Hadrian construction platform, repayment of short-term debt, and general working capital. The dual focus on Mantis and Hadrian reflects FBR's broader strategy of applying its robotics technology across multiple construction and industrial applications beyond its original bricklaying automation platform.

Conclusion

The combined $4 million raise gives FBR Limited (ASX:FBR) additional funding to progress both its Mantis welding robot toward factory acceptance testing and its Hadrian platform toward further commercialisation, while also addressing Short-Term Debt and Working Capital needs. With the SPP open until 25 September 2026 and fully underwritten by Alpine Capital, shareholders considering participation may want to weigh the discounted offer price and attaching Options against the company's broader progress in commercialising its robotics technology, and watch for updates on Mantis testing and Hadrian deployment as the next indicators of how the additional capital is being put to use.

FAQs

Q: How much is FBR Limited raising through this Share Purchase Plan?

A: The SPP is seeking to raise $2.5 million, combined with a separate $1.5 million placement to institutional and sophisticated investors, for a total raise of $4 million.

Q: Who is eligible to participate in the SPP?

A: Shareholders with a registered address in Australia or New Zealand as at the record date of 4 September 2026 are eligible to subscribe for between $1,000 and $30,000 of shares.

Q: What is the offer price and discount?

A: The offer price is the lower of $0.115 or a 2.5% discount to the five-day VWAP, representing a 20.9% discount to FBR's last traded price of $0.145.

Q: What will the proceeds be used for?

A: Proceeds will fund Factory Acceptance Testing and demonstrations for the Mantis welding robot, commercialisation of the Hadrian platform, repayment of short-term debt, and general working capital.

Q: When does the SPP close and when will shares be issued?

A: The offer closes on Friday, 25 September 2026 at 5:00pm AWST, with shares expected to be issued on 2 October 2026 and to begin trading on 5 October 2026.

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