Monvia Limited Finalizes $17.5 Million IPO and Preference Share Conversions Ahead of ASX Listing

Completion of Capital Raise and Share Issuance Details

Monvia Limited has closed its public offering, marking a significant shift from private to public ownership. The company issued 15,909,090 fully paid ordinary shares at $1.10 each, raising $17.5 million from external investors. This capital infusion supports Monvia's growth strategy and operational expansion as it enters the public market.

Alongside the share issuance, the company restructured its capital by converting 32,500,000 Series A Preference Shares into 45,454,538 ordinary shares, in line with the conversion terms. Concurrently, Monvia redeemed and cancelled 12,500,000 Series B Preference Shares, streamlining its capital structure ahead of listing. These actions have established a simplified share capital base suitable for a publicly listed company.

Issued Capital Structure and Shareholder Composition

Post-offer and preference share conversions, Monvia's issued securities total 94,133,628 fully paid ordinary shares. This capital base forms the foundation for its operations as an ASX-listed entity. The issued capital reflects both the converted preference shares and new capital raised from public investors consolidated into one class of ordinary shares.

The shareholder base now includes new public investors alongside existing shareholders and founders whose preference shares converted during the IPO. This transition moves Monvia from a private company with preference share classes to a public company where all shareholders hold ordinary shares with equal rights under listing rules.

Escrow Restrictions on Related Party and Promoter Shares

The ASX has designated 40,861,286 shares as restricted securities subject to a 24-month escrow from the official quotation date. These include shares held by related parties issued at a discount to the IPO price (28,692,052 shares), shares from Series A Preference Share conversions held by related parties at a discount (2,134,267 shares), and shares held by promoters with substantial holdings from Series A conversions at a discount (10,034,967 shares).

Additionally, 1,415,291 shares are under voluntary escrow for 12 months post-admission, comprising 803,405 shares held by related parties and 611,886 shares held by Monvia Australia Vendors. These mandatory and voluntary escrow arrangements underscore a commitment to share price stability and align early investors' interests with public shareholders during the critical post-listing period.

Cash Position and Operational Funds

Monvia's cash reserves have grown through fundraising and operational revenue. As of 30 June 2026, the company held $5,641,580 in cash, partially generated from ongoing operations since the prospectus date. Combined with the $17.5 million raised from the IPO, Monvia has $23,141,580 available to fund its planned expenditures and working capital needs.

The ability to generate revenue from operations indicates Monvia's reduced reliance solely on capital raises, offering flexibility in deploying IPO proceeds and demonstrating market traction to sustain revenue alongside growth investments.

Allocation of IPO Proceeds and Series B Preference Share Redemption

Monvia plans to allocate the $23.14 million in available funds with $12.5 million (54%) earmarked for redeeming Series B Preference Shares at admission, simplifying the capital structure for public investors. Approximately $7,555,915 (33%) is designated for general working capital within 12 months, and $1.7 million (7%) is committed to sales, marketing, and international expansion during the same period.

Offer-related costs, including joint lead managers' fees, total $1,385,665, with $686,551 paid by the time of this update. This allocation balances capital structure simplification, operational funding, and growth initiatives.

Working Capital Distribution and Operational Priorities

Within the $7,555,915 allocated to working capital, Monvia intends to dedicate 50% to research and development, reflecting its focus on innovation. Staff costs will receive 22%, supporting workforce needs, while 28% will cover administrative expenses such as regulatory, legal, and compliance costs essential for a public company.

This allocation highlights Monvia's emphasis on continuous product innovation, supported by adequate investment in human resources and administrative functions to maintain competitiveness and operational efficiency.

Debt Facility and Repayment Approach Post-Admission

The company maintains a $6 million loan facility maturing on 31 August 2027, amended on 9 July 2026. Despite having sufficient cash post-IPO to repay the loan early, management plans to service the debt from operational cash flows and not use IPO proceeds for early repayment.

This strategy reflects confidence in Monvia's operational cash generation and preserves IPO capital for growth and working capital. The board expects to repay the loan on or before maturity using revenues from ongoing operations.

Funding Adequacy for Operations and Strategic Goals

Monvia's board confirms that the funds raised, combined with expected operational revenues, will sufficiently cover operational requirements and business objectives for at least 12 months post-admission. This assurance indicates that no immediate additional capital raises are anticipated.

The directors affirm that the company will have adequate working capital at listing to execute its stated plans as outlined in the prospectus, providing investors with confidence in the company's financial stability and strategic readiness.

Escrowed Shares and Market Confidence in Stability

Approximately 43% of issued shares are subject to escrow restrictions, including mandatory 24-month escrow on shares held by related parties and promoters, preventing immediate post-IPO sales and supporting share price stability during early trading.

Voluntary 12-month escrow commitments by related parties and Monvia Australia Vendors further reinforce confidence in the company's long-term prospects and align major shareholders' interests with public investors. These escrow arrangements demonstrate strong conviction in Monvia's business model and future growth potential.