Acusensus Raises $30M via 20M Shares at $1.50 Each

Placement Overview

Acusensus Limited (ASX, ACE), a technology company specialising in artificial intelligence-enabled road safety solutions, has completed a $30 million placement by issuing 20 million new shares at $1.50 each. This placement, representing a 14.1% increase in the company’s shares on issue, was strongly supported by a mix of existing shareholders and new professional and sophisticated investors. The offer price reflected an 8.5% to 11.9% discount to recent volume-weighted average prices, a common practice to incentivise participation in capital raises.

Strategic Implications

The capital raised will be directed towards several key areas, business development, contract mobilisation, purchase of fixed assets, product innovation, working capital, and notably, litigation-related costs. This diversified use of funds underscores Acusensus’ ambition to accelerate growth while managing ongoing legal challenges. The company’s founder and managing director, Alexander Jannink, highlighted the placement’s role in broadening the shareholder base and enhancing liquidity, which are critical for supporting future contract bids and scaling operations globally.

Market and Investor Confidence

The strong demand from both existing and new investors signals confidence in Acusensus’ technology and growth prospects. The company’s AI-driven solutions, which include monitoring distracted driving and worker safety systems, have positioned it well within a niche but expanding market focused on road safety and compliance. The placement also strengthens institutional ownership, which can provide more stability and support for the stock in the medium term.

Next Steps and Trading Details

The new shares are expected to settle on 19 December 2025 and commence trading on the ASX on 22 December 2025, ranking equally with existing shares. Joint lead managers Morgans Corporate Limited and Canaccord Genuity facilitated the placement, ensuring a smooth process and market engagement. Investors will be watching closely how the company deploys these funds and whether the anticipated growth and innovation translate into improved financial performance.

Broader Context

Acusensus operates in a highly specialised sector combining AI and road safety, with a footprint spanning Australia, New Zealand, the UK, and the US. Its technology addresses critical issues such as distracted driving and worker safety, areas of increasing regulatory and societal focus. The successful capital raise provides a runway for Acusensus to deepen its market penetration and potentially expand its product suite, but also raises questions about how litigation costs might impact near-term profitability.