Hazer Prices Share Purchase Plan at $0.31, Matching Recent $8M Placement

Hazer Group’s Capital Raise Initiative

Hazer Group Limited (ASX, HZR), a clean technology company focused on proprietary methane reactor technology, has announced a Share Purchase Plan (SPP) aimed at raising up to $2 million. The offer, which opened on June 18, 2025, invites eligible shareholders in Australia and New Zealand to subscribe for additional fully paid ordinary shares at a fixed price of $0.31 per share. This price aligns with the recent institutional placement completed on June 16, 2025, which raised $8 million at the same price.

The SPP allows shareholders to invest between $1,000 and $30,000 worth of shares, irrespective of their current holding size. The maximum subscription limit is designed to ensure broad participation while maintaining equity among shareholders. The offer is underwritten up to $2 million, providing a degree of certainty to the capital raise.

Strategic Use of Funds

Funds raised through the SPP will be primarily directed towards accelerating the commercialisation of Hazer’s proprietary methane reactor technology. This includes scaling up the technology, advancing synthetic graphite product development, and fast-tracking partner engagement to secure binding licensing agreements. Additionally, the capital will support the company’s working capital requirements to sustain long-term growth.

Hazer’s methane reactor technology is positioned as a clean energy solution with potential applications in hydrogen production and graphite manufacturing. The successful commercialisation of this technology could significantly enhance the company’s market position and shareholder value.

Offer Details and Conditions

The SPP is non-renounceable, meaning shareholders cannot transfer their rights to subscribe to others. The offer excludes shareholders based in the United States due to regulatory restrictions. Applications may be subject to scale-back at the discretion of the board if the total subscriptions exceed the $2 million underwriting limit or the $30,000 per shareholder cap.

Shareholders are advised that the shares offered under the plan are speculative investments. The company recommends that investors seek independent financial advice before participating. The offer closes at 7, 00 pm AEST on July 9, 2025, with allotment and quotation of new shares expected shortly thereafter.

Market Context and Outlook

Hazer’s share price closed at $0.36 on the last trading day before the SPP announcement, making the $0.31 offer price a discount of approximately 13.9%. This discount is intended to incentivize participation while maintaining fairness relative to the recent placement price. The company’s weighted average share price over the prior five days was $0.3761, indicating the offer price represents a 17.6% discount to recent market activity.

As Hazer progresses its commercialisation strategy, the successful deployment of funds from this SPP will be critical. The company’s ability to secure licensing agreements and scale its technology will be key drivers for future growth and shareholder returns.