Dotz Nano Appoints CEO Harpaz and Launches Dotz Energy with $3.3M Capital Raise

Leadership Refresh and Strategic Extension

Dotz Nano (ASX:DTZ) has signalled a clear push towards commercialisation with the appointment of Nati Harpaz as CEO, effective May 31, 2026. Harpaz, who brings a track record in scaling tech businesses and led Catch through its sale to Wesfarmers, is tasked with turning Dotz’s technology validation into revenue-generating operations. This leadership change accompanies a board reshuffle that retains former CEO Sharon Malka as a non-executive director, ensuring continuity amid the transition.

Alongside this leadership update, Dotz unveiled Dotz Energy, an internally developed arm complementing its existing carbon capture technology, Dotz Earth. Dotz Energy targets energy consumption reduction for industrial and commercial customers through a Heating-as-a-Service model, integrating project financing, design, installation, and ongoing optimisation under long-term contracts. This initiative leverages proprietary software, AI, and energy-management tech to optimise performance and economics, with potential expansion into cooling and other energy-efficiency services.

Capital Raise and Financial Position

In May 2026, Dotz secured AU$3.3 million (US$2.3 million) via a private placement supported by both existing and new institutional investors. The placement issued over 82 million shares at 4 cents each, with free options exercisable at 7 cents, expiring in two years. Funds are earmarked for operational ramp-up, including production scale-up, pilot deployments, customer engagement, and potential restructuring of convertible notes. Harpaz personally invested in the placement, signalling confidence in the company’s growth trajectory.

Dotz also restructured its convertible notes with Mercer Street Capital Partners by fully repaying the first tranche of AU$552,730 and extending maturity dates for subsequent tranches to March 31, 2027. Conversion limitations apply until September 2026 unless share prices exceed specified thresholds, and the company gained an option to settle conversions in cash. These measures provide financial flexibility while supporting ongoing development.

Operational Progress on Decarbonisation Technologies

Dotz Earth, the company’s proprietary sorbent technology for carbon capture, is advancing steadily towards commercial-scale production. The company reached a milestone of hundreds of kilograms of annual sorbent capacity in Q2, on track for ton-scale production by early 2027. Independent evaluations confirm superior performance and durability, translating into new purchase orders from industry leaders and expanding global customer interest.

Meanwhile, Dotz Energy is preparing for initial Heating-as-a-Service deployments, with core product and commercial frameworks in place. The engineering team is developing proprietary AI and energy-management software, expected to be ready for initial customer deployment by the end of Q3. Dotz is actively engaging prospective customers and forming partnerships across Australia, Europe, and North America to support scalable regional delivery models.

Financial Health and Funding Outlook

As of June 30, 2026, Dotz held US$1.2 million in cash and equivalents, a slight increase from US$1.1 million at the end of 2025, while maintaining operational spending within budget. The company used approximately US$0.7 million in Q2 for operational activities and repaid related party loans, reinvesting some funds back into the recent placement.

With an estimated 1.74 quarters of funding available based on current cash flow, Dotz remains focused on securing additional capital as needed to support both Dotz Earth and Dotz Energy developments. The company is exploring multiple financing avenues, including project financing and commercial partnerships, to underpin its commercial ambitions.