EOS Opens Share Purchase Plan Following A$150 Million Placement

Share Purchase Plan Mirrors Institutional Placement Price

Electro Optic Systems Holdings (ASX:EOS) has opened a Share Purchase Plan (SPP) offering eligible shareholders the chance to buy new shares at A$8.00 each, matching the price of the company’s recently completed fully underwritten A$150 million institutional placement. The SPP is capped at A$25 million but the board retains discretion to accept applications beyond this or to scale back if demand exceeds the cap.

The offer allows shareholders to apply for parcels ranging from A$2,500 up to a maximum of A$30,000 worth of shares. This move comes as EOS seeks to bolster its balance sheet to fund the upfront payment for its MARSS acquisition and to increase financial flexibility for growth opportunities.

Strategic Placement Awaits Shareholder Approval

Alongside the institutional placement and the SPP, EOS has secured commitments for a A$40 million strategic placement from Generation 5 Holding L.L.C, a related entity of Calidus L.L.C, and another defence-focused institutional investor. This tranche is not underwritten and requires shareholder approval at an Extraordinary General Meeting expected in late June 2026.

The combined capital raising efforts, supported by a secured term loan facility from Washington H. Soul Pattinson, are designed to underpin EOS’s acquisition ambitions and strategic initiatives. This follows the company’s recent A$190m Placement to Back MARSS Acquisition, which positioned EOS for expansion in the defence technology sector.

Eligibility and Participation Details for Shareholders

The SPP is open to shareholders recorded on EOS’s register by 7.00pm Sydney time on 15 May 2026 with registered addresses in Australia or New Zealand. Shareholders based in the United States or acting for US persons are excluded due to regulatory restrictions.

Applications must be submitted by 5.00pm Sydney time on 9 June 2026, with shares expected to be issued on 16 June and quoted on the ASX from 17 June. Notably, all EOS directors eligible to participate have confirmed their intention to do so.

Investors should be aware that the market price of EOS shares may fluctuate between the offer date and the issue date, meaning the SPP purchase price may be above or below the trading price at allocation. The SPP is non-underwritten, and the board may scale back applications if demand exceeds the cap.

Capital Raising Supports Growth and Acquisition Strategy

EOS’s capital raising initiatives come as the company completes its turnaround and moves into a growth phase, boosted by the MARSS acquisition that significantly expands its counter-drone and AI capabilities. The acquisition deal and the capital raise are part of EOS’s strategy to deepen its defence technology footprint, particularly in the Middle East and Europe.

The SPP complements the broader capital raising program, which has already boosted EOS’s order book and financial position, following a series of major defence contracts and strategic acquisitions. The company’s recent Turnaround and $726m Order Book highlights the momentum behind these initiatives.