Latest Asic News

Mont Royal Resources has lodged a Replacement Prospectus updating its financial disclosures and use of funds ahead of a pivotal shareholder meeting on 10 October to approve a merger with Commerce Resources.

DigitalX Limited has responded to ASX queries, affirming the legality of its cryptocurrency treasury strategy and outlining plans to expand Bitcoin holdings significantly by 2027 to support its digital asset business.

Samuel Terry Asset Management has raised its takeover offer for Eildon Capital Group securities to A$0.875 per stapled security, sweetening the deal with faster payment terms for electronic transfers.

ASIC has initiated civil proceedings against Fiducian’s subsidiary, alleging misleading statements and compliance failures related to a now-closed investment fund. Fiducian is cooperating but remains tight-lipped as the case unfolds.

Amplitude Energy Limited has announced a proposed 11-for-1 share consolidation, pending shareholder approval at its upcoming AGM. This move aims to streamline its capital structure following a recent entitlement offer.

Pengana Global Private Credit Trust (ASX – PCX) has announced an $82 million entitlement and shortfall offer at $2.00 per new unit, targeting a 7% annual cash distribution yield. The Trust offers diversified exposure to global private credit funds, primarily in the US and Europe, managed by Pengana Credit with Mercer Consulting as investment consultant.

TerraCom Limited reports a $43.4 million net loss for FY25, reflecting increased impairment charges and operational challenges, while advancing its strategic Moorlands Project in Australia.

Memphasys Limited has revised its FY25 financials to reflect a $1.12 million liability linked to uncertain compliance with R&D tax incentive rules, pending a private tax ruling.

Avada Group Limited has adjusted its FY25 financial results following audit finalisation, increasing its income tax benefit and reclassifying borrowings, while confirming a strong financial position.

360 Capital Mortgage REIT (ASX – TCF) has announced an off-market equal access buy-back of up to 5% of its units, offering eligible unitholders a chance to sell at a price linked to net tangible asset backing plus distributions. The buy-back opens on 8 October 2025 and closes on 27 October 2025.

Southern Cross Media Group and Seven West Media have agreed to merge, creating a dominant integrated TV, audio, and digital platform in Australia. The deal promises significant cost synergies and shareholder value accretion, pending regulatory and shareholder approvals.

Seven West Media and Southern Cross Media have agreed to merge, creating a dominant integrated media company with extensive reach across TV, audio, and digital platforms in Australia. The merger promises significant cost synergies and enhanced shareholder value, pending regulatory and shareholder approvals.