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Hydrix Raises $3.89M, Converts $5.1M Debt, Secures $1.2M Defence Contract
9:23am on Wednesday 20th of May, 2026 AEST
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Hydrix Raises $3.89M, Converts $5.1M Debt, Secures $1.2M Defence Contract
9:23am on Wednesday 20th of May, 2026 AEST
Key Points
Completed $3.89M institutional entitlement offer
Converted $5.113M convertible notes into equity
Secured $1.2M contract with NIOA for counter-UAS tech
Plans to retire $4.79M debt and boost working capital
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