PARKD Issues 22,857,144 Shares in A$800,000 Placement

PARKD Finalises A$800,000 Capital Raising

PARKD Limited (ASX:PKD) has completed the share placement it announced earlier this month, raising approximately A$800,000 before costs at A$0.035 per share. The company issued 22,857,144 fully paid ordinary shares to strategic investors under its available placement capacity.

The transaction was priced at the same level as the

22.86 Million New Shares Add Dilution

For existing shareholders, the immediate consequence is an increase in the company's share count. PARKD has not quantified the resulting percentage dilution in this announcement, so its precise effect depends on the number of shares on issue before the placement.

The shares were issued under ASX Listing Rules 7.1 and 7.1A, which allow eligible companies to issue securities without first seeking shareholder approval within specified limits. The placement therefore expands PARKD's capital base without a shareholder vote being disclosed in this filing.

Cleansing Notice Clears Resale Restriction

PARKD also lodged a cleansing notice under section 708A(5)(e) of the Corporations Act. The notice confirms that the shares were issued without disclosure under Part 6D.2 and that, as at 21 October, the company stated it had complied with the relevant financial reporting and continuous disclosure provisions and had no excluded information of the kind covered by the legislation.

That notice gives the newly issued shares the relevant exemption from disclosure restrictions on resale. The more consequential question now shifts from completion of the raise to what the additional capital produces, and whether PARKD's expansion activities can translate the enlarged equity base into operating progress.