Highlights

  • NoviqTech received firm commitments for a A$1.805 million Placement at A$0.035 per share in September 2026.
  • Securities have been suspended from Quotation since 15 June 2026, following a Trading halt on 11 June.
  • The company agreed to buy software IP behind Carbon Central and Fuel Central from Morphotech for A$67,000.
  • Three directors committed about A$235,000 to the placement, subject to Shareholder approval at the upcoming AGM.

Noviqtech Ltd (ASX:NVQ) is assembling new funding as it works towards a return to trading, with firm commitments for a A$1.805 million placement that it expects to form part of a funding package supporting reinstatement. The company's securities have been suspended from official quotation since 15 June 2026, and it has said that neither completing the placement nor lodging a cleansing prospectus guarantees reinstatement.

NoviqTech offers traceability, sustainability data and compliance platforms, including Carbon Central and Fuel Central, and owns Coralia, a biochar carbon removal Business developing projects in the Great Barrier Reef catchment of North Queensland.

Placement Terms Hinge on Shareholder Approval

Announced on 24 September 2026, the placement involves up to about 51.6 million shares at A$0.035 each, a 10.3% discount to the last traded price of A$0.039 on 10 June 2026. It is conditional on shareholder approval at the upcoming annual general meeting, because the company's placement capacity is restricted until 19 December 2026.

Directors Timothy Brooks, Niv Dagan and Darren Scott committed to subscribe for about 6.7 million shares, worth about A$235,000, on the same terms as other investors. Prenzler Group and Peak Asset Management acted as joint lead managers. Funds are mainly intended to support the operations of Subsidiary NoviqTech Services, with portions set aside for Coralia's Great Barrier Reef project and placement costs.

Morphotech Deal Secures the Platform Software

On 16 September 2026, NoviqTech agreed to acquire software code and related IP developed by Morphotech after a services agreement with a related Morphotech entity was terminated on 7 April 2026. NoviqTech Services uses this IP for the Carbon Central and Fuel Central platforms and customer implementations.

Consideration is A$67,000 in cash, plus GST if applicable. Because Morphotech is associated with former director Freddy El Turk, the purchase requires shareholder approval, and a notice of meeting with an independent expert's report will be sent to shareholders. In the meantime, a non-exclusive, royalty-free interim licence allows continued use of the IP. If approval is not obtained by 31 December 2026, the licence ends, NoviqTech must stop using the IP and no consideration is payable.

Coralia Trial Advances the Biochar Strategy

Coralia began a harvesting and pyrolysis trial in May 2026, clearing invasive Chinese Apple trees in North Queensland and sending the biomass to Pyrocal's Facility in Toowoomba for conversion into biochar. Biochar samples were also earmarked for Swinburne University of Technology's low-carbon concrete research. Coralia positions its carbon removal credits and physical biochar towards data centre and AI hyperscale customers.

Reinstatement and Approvals Define the Path Ahead

The company has said it will provide written submissions to ASX on reinstatement conditions, and that the size and make-up of an acceptable funding package have not been finally determined. Coralia aligned its trial data with the Puro.earth carbon removal methodology and targeted completion of a preliminary assessment in August or September 2026. Shares were unchanged at A$0.039 on 2 November 2026, with a Market Capitalisation of about A$15.81 million, and were up 56% over 12 months.