WhiteHawk (ASX:WHK) is a small cyber security company that has spent 2026 changing leadership, adding an AI governance Acquisition and signing distribution partners for its ClarityAI product.

What the company does

WhiteHawk describes itself as an online cyber security exchange, offering cyber risk, maturity, compliance and threat services through subscriptions and virtual consultations. It is a software and services Business that, according to company materials, is aimed at organisations from small businesses to enterprise and federal contractors. Its listed history runs from 2018.

2026 developments

ASX announcement titles show the sequence. On 13 April 2026 the company announced the acquisition of Quixxi to expand into AI governance, preceded by a Trading halt that day, and on 15 April it announced a A$1.5 million raising described as at a premium. Terms were not read, so they are not reported here.

On 1 May 2026 the company announced that Atturra would provide enterprise distribution for ClarityAI. On 16 June it announced a strategic Partnership with Adisyn Services, a Perth-based company. A partnership or distribution agreement is not recognised revenue, and no Revenue attributable to either was found.

In July 2026 the company announced on 7 July that it had secured A$685,000 in customer renewals and on 8 July that it was selected for a US federal cyber resilience program. It also gave a CEO webinar presentation on 23 July and lodged an Options prospectus on 20 July. The company appointed a new chief executive, Adrian Vallino, on 2 July.

Board and ownership changes

The board changed materially. Announcements show a chair transition update in March and April, director appointments in April and May and a restructure of board roles on 1 July. Giuseppe Porcelli is reported as chairman, with a substantial holding of about 24.8 per cent following an issue of 250 million shares valued at A$750,000 dated 8 October 2026. Readers should check ASX notices to confirm that issue.

Funding and dilution

The quarterly activities report and Appendix 4C for the June 2026 quarter was lodged on 31 July 2026. The company raised Capital in April, Issued Shares to a director in June, lodged an options prospectus in July and is reported to have issued 250 million shares in October. The share count has been reported at about 1.4 billion. Repeated issues point to continuing dilution of earlier holders.

Risks and context

Cyber security Demand is broad, but small vendors compete with far larger platforms, and a product selected for a program or distributed through a partner still needs to convert to recurring revenue. Annual reporting for 2025 was lodged on 30 March 2026, and the next interim report is expected around August 2027, though no date has been confirmed.