Wrkr Ltd Initiates $10 Million Capital Raise via Placement and Share Purchase Plan

Capital Raise Structure: Placement and Share Purchase Plan Details

Wrkr Ltd’s $10 million capital raise comprises two components: a placement of 133.3 million fully paid ordinary shares and a share purchase plan offering up to 26.7 million shares to eligible shareholders. Both components are priced uniformly at AUD $0.075 per share. The total issuance of up to 160 million shares reflects the company’s strategy to raise funds while safeguarding shareholder value and ensuring orderly capital management.

This dual-track approach facilitates broad investor participation, enabling institutional investors to subscribe via placement while allowing existing shareholders to participate directly through the SPP. Such a structure is typical among ASX-listed companies aiming to balance institutional support with shareholder inclusion. The company plans to disclose detailed use of proceeds in a separate update dated 22 July 2026.

Share Purchase Plan Pricing and Subscription Options

The SPP offers retail shareholders the opportunity to invest in fixed parcels priced at $0.075 per share, with subscription amounts set at $2,500, $5,000, $10,000, $15,000, $20,000, $25,000, and $30,000. The minimum investment is $2,500, and the maximum per shareholder is capped at $30,000 to encourage broad participation while managing regulatory compliance.

Offer documents for the SPP were made available from 29 July 2026, coinciding with the offer opening. The offer closes on 12 August 2026. Eligible shareholders as of the record date, 21 July 2026, with registered addresses in Australia or New Zealand, may participate. The company has not specified distinct proceeds allocation for the SPP, as both the placement and SPP share the same pricing and form part of an integrated capital raise.

Scale-Back Policy and Pro-Rata Allocation

To address potential oversubscription, Wrkr Ltd has implemented scale-back provisions for the SPP. If applications exceed $2 million, allocations will be reduced on a pro-rata basis relative to each shareholder’s existing holdings as at 21 July 2026. This method ensures equitable treatment and preserves relative shareholding percentages among participants.

The scale-back mechanism aligns with ASX Listing Rule 7.2 exception 5, which the company confirms is met without requiring an ASX waiver. This approach safeguards smaller shareholders while maintaining fairness across the shareholder base.

Placement Details and Settlement Schedule

The placement involves issuing 133.3 million ordinary shares scheduled for allotment on 28 July 2026. These shares will carry equal rights and entitlements as existing shares from the issue date. The company has not disclosed underwriting arrangements, lead managers, brokers, or subscriber identities related to the placement.

The rapid timeline—from announcement on 22 July 2026 to settlement on 28 July 2026—suggests pre-arranged agreements with cornerstone or institutional investors. The staggered issue dates for placement and SPP shares enable efficient settlement and registry management.

Share Purchase Plan Timetable and Investor Resources

The SPP timetable includes a record date of 21 July 2026, offer opening on 29 July 2026, and closing on 12 August 2026. Share issuance to successful applicants will occur on 18 August 2026. Investors can access offer documents and related information via Wrkr Ltd’s investor hub at https://investorhub.wrkr.com.au/. The company has not specified whether documents will be distributed electronically or by mail.

Costs such as broker fees, registry fees, legal expenses, and printing are being borne by the company, indicating no direct charges to participating shareholders.

Eligibility and Geographic Restrictions

Participation in the SPP is restricted to shareholders with registered addresses in Australia or New Zealand as of the record date. Shareholders outside these jurisdictions are ineligible due to regulatory constraints. This limitation is common for ASX-listed entities to avoid complex foreign securities law compliance.

International shareholders are advised to seek independent financial and legal advice regarding their investment options and local regulations.

Share Ranking, Rights, and Dividend Policy

Shares issued under both the placement and SPP will rank equally with existing ordinary shares from their respective issue dates, granting identical voting, dividend, and liquidation rights. Wrkr Ltd has confirmed no changes to its dividend or distribution policy will result from the capital raising, providing continuity for shareholders.

This equal ranking approach supports straightforward corporate governance and complies with ASX Listing Rules, avoiding multiple share classes or differential rights.

Regulatory Compliance and ASX Listing Rule Adherence

Wrkr Ltd confirms the SPP complies with ASX Listing Rule 7.2 exception 5, allowing securities issuance without shareholder approval under specified conditions. No ASX waivers have been sought or granted. The placement is conducted under the board’s general equity issuance powers, with the company expected to lodge an Appendix 2A with ASX post-issuance.

The company’s ABN 50 611 202 414 and ASX code WRK are consistently referenced, confirming entity identity. No external approvals or conditions precedent have been indicated, enabling unconditional progression of the capital raise subject to standard settlement procedures.

Capital Raising Announcement and Investor Communications

The capital raising was announced on 22 July 2026 alongside a separate company update detailing strategy and purpose. The securities issuance documentation references this update for comprehensive use-of-proceeds information, separating technical issuance details from strategic context.

Investors are encouraged to review both the announcement and company update, with the investor hub serving as the central platform for offer documentation and subscription submissions during the offer period.