Unith Ltd (ASX: UNT | FWB: CM3) today announced the outcomes of its 1 for 7 non-renounceable entitlement offer, which officially closed on Friday, 28 August 2026. The offer made available 218,938,469 shares and 109,469,235 options at a price of A$0.008 per share. Unith Ltd is a technology company that specialises in AI-driven digital human and conversation design solutions, developing interactive, AI-powered conversational agents. It also operates a growing business-to-consumer subscription division leveraging its digital human and conversation design solutions technology. The company confirmed it received acceptances for 36,965,637 shares and 18,482,840 options, successfully raising A$295,725.
New fully paid ordinary shares and new options are scheduled for issuance on Friday, 4 September 2026, in line with the entitlement offer timetable and prospectus terms. Despite the capital raised, the offer concluded with a significant shortfall, comprising 181,972,832 shares and 90,986,416 options.
In accordance with clause 1.14 of the Entitlement Offer Prospectus, Unith’s Directors have reserved the right to place these remaining shortfall shares and options within three months following the offer’s closing date. The company highlighted that various Directors and members of Executive Management fully subscribed to their entitlements, which they noted demonstrates strong commitment to and confidence in Unith’s products and future. The Board of Directors extended its gratitude to all participating shareholders and investors for their support during the offer period.
