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Icetana AI Raises $2.65M in Underwritten Offer as Iraq Project Nears Deal

7:03pm on Monday 2nd of June, 2025 AEST Technology
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Icetana AI Raises $2.65M in Underwritten Offer as Iraq Project Nears Deal

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Fully underwritten 1-for-2 entitlement offer at A$0.02 per share to raise ~$2.65 million
  • Offer price represents a 33% premium to recent share prices
  • Potential $1.77 million purchase order from Baghdad Safe City project partner in Iraq
  • Underwriter Lance East Holdings could increase stake to nearly 44%
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