Latest Unith (ASX:UNT) News

Technology shares delivered mixed results as new contracts lifted some companies while losses and cash needs weighed on others.
Adisyn, Zimi and RocketBoots drew the biggest moves, but several businesses still need fresh funding or stronger sales.

Unith has extended its $1.5 million secured debt facility by six months and secured $320,000 of participation in its entitlement offer shortfall at a 60% premium to the latest closing price. The arrangement provides additional time to fund the business, but leaves the company with further financing costs and an undisclosed shortfall still to place.

Small technology shares delivered a mixed week, with Cycliq and Identitii leading the biggest reported gains while several companies fell despite new deals or technical progress.
Investors rewarded stronger cash results, but continued to question losses, new share issues and early-stage projects.

Unith Ltd has closed its 1-for-7 entitlement offer, raising $295,725 from a partial take-up, leaving a significant shortfall that the company plans to place within three months.

Small-cap technology shares swung widely as capital raises, AI deals and takeover news drove the week.
Strong operating results lifted several established names, while fraud and funding concerns weighed on others.

Unith Ltd has pushed back the closing date of its non-renounceable entitlement offer to late August, giving shareholders extra time to subscribe for new shares at 0.8 cents each.

Pentanet led the technology board with a 53.33% weekly rise, while Ava Risk Group and Acusensus also posted strong gains. Software subscriptions, AI tools and cloud services drove many company updates, but some early share-price gains faded.

Unith Ltd has issued over 222 million securities, raising $1 million via share placement and converting $500,000 of debt to equity, while attaching options await shareholder approval.

Unith Ltd has launched the alpha version of DEVA-1, a next-generation AI model designed to boost the emotional expressiveness and realism of Digital Human avatars, targeting a rapidly growing market.

Appen led the technology market with a 45.73% weekly rise, while Synertec and InteliCare also gained more than 27%.
AI services, defence systems, critical infrastructure and recurring software revenue drove the week’s strongest company updates.

Unith Ltd boosted its AI digital human platform with ISO/IEC 27001:2022 certification, launched new SDKs, and secured $2.75 million in fresh capital to fuel growth and commercial expansion.

Nanoveu led the week after live drone trials, while Gratifii slumped on deal changes and X2M dropped after a discounted capital raising. Across the tech board, buyers backed real revenue, cash receipts and contract wins, but punished dilution, legal noise and weak post-gap trading.