Activeport Secures $2.5M in Fully Underwritten Rights Issue with Options Attached
Activeport Group has successfully closed a fully underwritten rights issue, raising approximately $2.5 million to support its telecommunications software ambitions. The offer included free attaching options, signaling confidence in future growth.
- Fully underwritten 1 for 2.75 rights issue at 1 cent per share
- Approximately $2.5 million raised before costs
- 72% of new shares subscribed via entitlements, 28% via shortfall applications
- Free attaching options exercisable at 2 cents, expiring November 2028
- New shares to be issued on 29 August 2025
Capital Raising Success
Activeport Group Ltd (ASX, ATV), a developer of orchestration software for telecommunications and data centre operators, has announced the successful completion of its recent non-renounceable rights issue. The offer, which closed on 22 August 2025, was fully underwritten and aimed to raise approximately $2.5 million before costs. This capital injection is a significant milestone for the company as it seeks to accelerate its technology development and market penetration.
Offer Structure and Participation
The rights issue was structured as a 1 for 2.75 offer at a price of 1 cent per share. Eligible shareholders were also granted one free attaching option for every two new shares subscribed, with an exercise price of 2 cents and an expiry date set for 30 November 2028. The subscription results revealed strong shareholder support, with 72% of the new shares taken up through entitlements and the remaining 28% filled via shortfall applications. This level of participation underscores investor confidence in Activeport’s strategic direction.
Strategic Implications
Activeport’s orchestration software enhances traditional network infrastructure by enabling cloud-based automation and flexible consumption models, including pay-per-use options. The fresh capital will likely support further product development and expansion into emerging areas such as GPU orchestration for cloud gaming and AI applications. The involvement of Alpine Capital Pty Ltd and GBA Capital Pty Ltd as joint lead managers and underwriters adds a layer of financial discipline and market credibility to the transaction.
Looking Ahead
The new shares are scheduled for issuance on 29 August 2025, marking the next phase in Activeport’s growth trajectory. While the announcement does not detail the specific allocation of funds, the successful raise positions the company to capitalize on evolving telecommunications trends and the increasing demand for network automation solutions.
Bottom Line?
Activeport’s fully subscribed rights issue sets the stage for accelerated innovation, but investors will watch closely how the new capital is deployed.
Questions in the middle?
- How will Activeport allocate the $2.5 million raised to maximize growth?
- What impact will the attaching options have on future share dilution and investor returns?
- Can Activeport leverage this capital to gain a stronger foothold in AI and cloud gaming markets?
