Raptis Group Raises $1.75M in Underwritten Entitlement Offer, Underwriters Take 65%
Raptis Group Limited has successfully completed a $1.75 million capital raise through an underwritten entitlement offer, with underwriters acquiring the majority of new shares. The move reshapes the company’s shareholder base ahead of new trading.
- Entitlement offer raised approximately $1.75 million
- Shareholders subscribed for about 35% of new shares offered
- Underwriters GAS Asset Holdings and Hayman Developments took 65% of shares
- Each underwriter now holds roughly 17% of the company
- Directors and related entities participated in the offer
Capital Raise Completion
Raptis Group Limited (ASX, RPG) has announced the successful completion of its underwritten non-renounceable entitlement offer, raising approximately $1.75 million by issuing 175.34 million new shares at $0.01 each. The offer, which closed on June 13, 2025, saw shareholders subscribe for around 35% of the new shares, leaving the remaining 65% to be taken up by the underwriters.
Underwriters’ Significant Stake
The underwriting agreement involved GAS Asset Holdings Pty Ltd and Hayman Developments (QLD) Pty Ltd, who collectively took up 113.17 million shares. Each underwriter acquired 60 million shares in total, representing approximately 17% ownership each in Raptis Group. This substantial stake signals a strong commitment from the underwriters but also marks a notable shift in the company’s ownership structure.
Director Participation and Allocation
Entities associated with key directors Malcolm Cory, James Raptis, and Helen Raptis also participated, acquiring 12 million shares. This insider involvement often reflects confidence in the company’s future prospects. The remaining shares under the underwriting agreement will be allocated to investors procured by the underwriters, completing the capital raising process.
Next Steps and Market Impact
Subject to settlement, the new shares are expected to be issued on June 19, 2025, with trading commencing the following day. Investors will be watching closely to see how this capital injection supports Raptis Group’s strategic initiatives and whether the dilution effect impacts share price performance in the near term.
Bottom Line?
Raptis Group’s capital raise reshapes its shareholder landscape, setting the stage for fresh strategic moves and market scrutiny.
Questions in the middle?
- How will Raptis Group deploy the $1.75 million raised?
- What impact will the underwriters’ large shareholding have on corporate governance?
- Will shareholder dilution affect the stock’s short-term trading performance?
