Swoop’s $2.8M Institutional Raise at $0.10 Per Share Sets Stage for $7.2M Retail Offer

Successful Institutional Raise

Swoop Holdings Limited (ASX – SWP), an emerging player in Australia's telecommunications sector, has announced the successful completion of the institutional component of its accelerated non-renounceable pro-rata entitlement offer. The company raised approximately $2.8 million by issuing new shares at $0.10 each, with existing shareholders, including some directors and senior management, taking up nearly half of the offer.

Retail Offer on the Horizon

The retail portion of the entitlement offer is scheduled to open on December 10, 2025, and aims to raise up to $7.2 million. Eligible retail shareholders in Australia and New Zealand will be invited to participate on the same terms as institutional investors. This phase includes an oversubscription facility, allowing shareholders to apply for additional shares beyond their entitlement, subject to scale-back at the company's discretion.

Strategic Capital Raising

This capital raising initiative reflects Swoop’s ongoing strategy to strengthen its balance sheet and support growth ambitions in the competitive telecommunications market. The new shares issued will rank equally with existing shares, ensuring parity for all shareholders. The company also retains the right to place any shortfall shares within three months after the retail offer closes, providing flexibility to maximize capital raised.

Timetable and Next Steps

Settlement of the institutional shares is expected on December 10, with trading commencing the following day. The retail offer will close on December 19, with results announced on December 23. New shares from the retail offer are anticipated to be allotted by December 24 and begin trading on December 29. Investors should note that these dates are indicative and may be subject to change.

Outlook for Swoop

As a challenger in the Australian internet and telecommunications space, Swoop’s ability to successfully execute this entitlement offer will be critical in funding its infrastructure and service expansion. The company’s focus on its own fibre and fixed wireless networks positions it well to compete, but the final uptake of the retail offer and any shortfall placements will be key indicators of shareholder confidence and market appetite.