FOS Capital Limited (ASX: FOS), a company focused on providing various infrastructure and lighting solutions, including the Queensland Schools Lighting Upgrade Program and traffic management systems through Aldridge Traffic Systems, has successfully completed a non-underwritten placement to institutional and sophisticated investors, raising approximately $1.86 million. Concurrently, the company announced a Share Purchase Plan (SPP), offering eligible shareholders an opportunity to subscribe for new shares. This strategic capital raising is set to bolster FOS Capital’s financial position and support key growth initiatives.
The placement involved the issue of approximately 15.5 million new fully paid ordinary shares at an offer price of $0.12 per share. This price represents a 20% discount to the last closing price of $0.15 on Friday, 4 September 2026, and an 11% discount to the 10-day volume weighted average price of $0.1347 up to the same date. Directors of FOS Capital have committed to subscribe for an additional $310,000 worth of new shares, subject to shareholder approval at the upcoming Annual General Meeting. The funds raised from the placement are allocated to support working capital for the Queensland Schools Lighting Upgrade Program, fund the ongoing expansion of Aldridge Traffic Systems, complete cost reduction and operational efficiency programs, and provide general working capital.
Further to the placement, FOS Capital is extending an offer to its eligible shareholders through a Share Purchase Plan, aiming to raise up to $750,000. Shareholders with a registered address in Australia or New Zealand on the company’s share register at 7:00pm AEST on Tuesday, 8 September 2026, will be eligible to subscribe for up to $30,000 worth of new shares without incurring brokerage or transaction costs. The SPP shares will also be issued at the offer price of $0.12 per share and will rank equally with existing fully paid ordinary shares. FOS Capital CEO Con Scrinis commented that the strong support from both new and existing investors strengthens the company’s balance sheet and provides crucial funding for growth initiatives and continued expansion across the group.
