Latest Underwriting News

Insurance Australia Group (IAG) reported strong FY25 results and upgraded its FY26 guidance, reflecting the completed RACQ acquisition and ongoing strategic growth initiatives.

Beforepay Group has reported a record quarterly profit nearly doubling last year’s figure, driven by strong advances growth and strategic AI partnerships enhancing its lending platform.

Sunrise Energy Metals secures renewed interest from the US Export-Import Bank for substantial debt financing, reinforcing the strategic importance of its Syerston Scandium Project amid a landmark US-Australia minerals pact.

Latrobe Magnesium Limited has announced a fully underwritten $10 million equity raise through a $6 million placement and a $4 million rights issue to fund its magnesium production expansion. The capital will support the commissioning of its Demonstration Plant and advance plans for a 10,000 tonne commercial facility.

Clara Resources Australia Limited has announced a fully underwritten entitlement offer to raise approximately $1.27 million, aimed at funding drilling and development activities at its Ashford Coking Coal project. The offer follows a recent placement and includes a shortfall facility for eligible shareholders.

Clara Resources Australia Ltd has raised $1.6 million through a placement and a fully underwritten rights issue, aiming to accelerate development of its Ashford Coking Coal Project in New South Wales.

European Lithium Limited has launched a replacement options offer for holders of 205 million expiring options, with directors committing to fully participate and underwrite the offer pending shareholder approval at the upcoming AGM.

Prodigy Gold has reported a milestone with over one million ounces of gold in its resource inventory, alongside significant exploration progress and a successful $7.13 million capital raise to fund ongoing development.

Klevo Rewards has completed a partial entitlement offer, raising $1.77 million with underwriters covering 40% of the targeted $4.12 million capital raise. The company now faces decisions on allocating the remaining shortfall shares.

Qualitas Real Estate Income Fund (QRI) has announced a $162 million non-renounceable entitlement offer at $1.60 per unit, aiming to capitalize on a robust pipeline of commercial real estate loans. The offer provides existing investors an opportunity to deepen exposure to Australia's evolving private credit market.

Equity Story Group Ltd (ASX – EQS) has announced a fully underwritten renounceable entitlement offer to raise approximately $3.54 million, aiming to accelerate its entry into the property sector and strengthen working capital.

Green Critical Minerals is set to issue over 107 million shortfall shares to underwriters following the expiry of its quoted options, marking a significant step in its capital management strategy.