Felix Offers Shares at $0.21 in $1M Capital Raise for Acquisition

Felix Group Launches Strategic Capital Raise

Felix Group Holdings Ltd (ASX, FLX) has announced a Share Purchase Plan (SPP) aimed at raising up to $1 million by offering existing shareholders the opportunity to purchase shares at a discounted price of $0.21 each. This move comes as part of the company’s broader strategy to partially fund its acquisition of Nexvia Pty Ltd, alongside supporting organic growth initiatives and covering working capital and transaction costs.

Discounted Shares to Encourage Participation

The SPP offers eligible shareholders in Australia and New Zealand the chance to buy shares at a 3.7% discount to the volume weighted average price over the ten trading days prior to the announcement. Shareholders can invest between $1,000 and $30,000, regardless of the size of their current holdings, with the issue price set deliberately to comply with ASX Listing Rules and ensure broad shareholder participation.

Oversubscription and Scale-Back Mechanism

To maintain fairness, the company has capped the total amount raised under the SPP at $1 million. In the event of oversubscription, Felix Group will apply a pro rata scale-back based on each shareholder’s holdings at the record date, returning any excess funds without interest. This mechanism ensures equitable treatment of shareholders while managing the capital raise within regulatory limits.

Funding Growth and Acquisition Ambitions

The capital raised will be strategically deployed to support the acquisition of Nexvia Pty Ltd, a move that signals Felix Group’s intent to expand its footprint and capabilities. Additionally, the funds will bolster organic growth projects and provide necessary working capital, positioning the company for sustained development in a competitive financial services environment.

Next Steps and Shareholder Considerations

Eligible shareholders have until 5, 00 pm Sydney time on 9 September 2025 to participate. The company advises shareholders to consider market price fluctuations and seek independent financial advice before committing. The allotment of shares is expected within five business days after the closing date, with shares to be quoted on the ASX shortly thereafter.