Latest Government It News

ARC Funds Limited has completed a $750,000 equity raise through a placement and director share subscription, supporting its recent acquisitions and growth strategy.

Rey Resources Limited has issued a Target's Statement recommending shareholders accept an unconditional $0.028 per share cash takeover offer from Vigorous Resources Pty Ltd, representing a significant premium over historic trading prices. The REY Board unanimously supports the offer, citing certainty and liquidity amid the company's financial challenges.

StepChange Holdings Limited has initiated an initial public offering to raise up to $15 million, aiming to acquire StepChange Consultants Pty Ltd, a prominent SAP ERP consulting firm. The move positions the company to capitalize on the expanding IT services market in Australia and New Zealand.

DroneShield Limited has landed a significant $11.7 million follow-on research contract from a Five Eyes Department of Defence customer, marking its fourth award from this strategic alliance.

Betashares Capital Ltd has announced a striking 200% estimated annual distribution for its Geared Long Australian Government Bond Complex ETF (GGAB) for the financial year ending June 2025, primarily driven by Australian interest income.

DigitalX has raised $20.7 million from leading global digital asset investors to expand its Bitcoin holdings and reinforce its position as a Bitcoin-focused investment manager.

archTIS Limited has successfully raised $7.5 million through a share placement, aiming to fuel its international growth strategy focused on U.S. market expansion, strategic partnerships, and product development.

ClearVue Technologies announces key leadership changes with COO Douglas Hunt stepping in as interim CEO, alongside two new board appointments, signaling a strategic push to accelerate growth and innovation.

Platinum Asset Management and L1 Capital have announced a strategic merger to create a diversified investment platform with $16.5 billion in assets under management, promising significant cost synergies and earnings accretion for shareholders.

Platinum Asset Management and L1 Capital have agreed to merge, creating a combined entity managing approximately A$16.5 billion in assets. The deal promises strategic diversification, cost synergies, and significant earnings accretion for shareholders.

Kincora Copper announces a C$4 million private placement backed by prominent North American investors, alongside a planned 10-for-1 share consolidation to accelerate exploration at its Condobolin project.

Renascor Resources has expanded its Marree project with a farm-in deal securing a standout uranium-copper prospect and is progressing drilling at Bulloo Creek alongside advancing its flagship battery anode materials facility.