Business
Hot Chili to Undertake a Capital Raising by Private Placement
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of shares to institutional, professional, and other investors to raise up to approximately A$40.0 million.
About this update from Hot Chili Limited
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"PERTH, Australia, Feb. 2, 2026 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce it has engaged joint lead managers to undertake a capital raising by way of a placement of shares to institutional, professional, and other investors to raise up to approximately A$40.0 million.","length":363,"tagName":"p"},{"type":"text","content":"Proposed Placement","length":18,"tagName":"p"},{"type":"text","content":"The Company has appointed Veritas Securities Limited, Cormark Securities Inc. and Desjardins Capital Markets as joint lead managers ("JLMs") and BMO Capital Markets, as co-manager (together with the JLMs, the "Agents"), to raise up to approximately A$40.0 million ("Capital Raising") on a "best endeavours basis" by way of a private placement ("Placement") of up to 24,274,600 new fully paid ordinary shares ("Shares") offered to institutional, professional, and other investors.","length":539,"tagName":"p"},{"type":"text","content":"The issue of the Shares under the Placement will not be subject to shareholder approval and will be made within the Company's 25% placement capacities under Australian Securities Exchange ("ASX") listing rules 7.1 and 7.1A.","length":237,"tagName":"p"},{"type":"text","content":"The Shares will be issued at a price of A$1.65 per Share (C$1.56 per Share) and will rank equally with all other Shares currently on issue.","length":139,"tagName":"p"},{"type":"text","content":"The issue price of A$1.65 per Share represents an approximate 15.0% discount to the Company's last closing price and an approximate 13.6% discount to the 5-day volume weighted average price of Hot Chili shares traded on ASX prior to the Company entering into a trading halt on 2 February 2026.","length":297,"tagName":"p"},{"type":"text","content":"The issue of the Shares under the Placement is expected to occur on 12 February 2026, or on such other date as the Company and the JLMs may agree.","length":146,"tagName":"p"},{"type":"text","content":"The Placement is being made in Australia under an offer to investors who ...