A private placement to raise approximately $680,000 (30,909,091 securities), with the ability to take oversubscriptions. The placement shares have a 1 for 2 free attaching option, with an exercise price of $0.022 and an expiry date of 30 December 2028. The options are to be ASX listed.

Sub-underwriting offer :

• The company will conduct a non-renounceable entitlement offer on a 1 for 3 basis to raise up to $2,914,791 (132,490,514 shares)
• The entitlement offer is on the same terms as the placement offer, an issue price of $0.022 per share, with 1 for 2 free attaching option (Exercisable at $0.022, expiring 30th Dec 28). The options are to be ASX listed.
• GBA Capital Pty Ltd will underwrite the entitlement offer up to the amount of sub-underwriting commitments.
• Sub-underwriters will receive a sub-underwriting fee of 1.5% of the amount sub-underwriting and 4 sub-underwriter options per $1 sub-underwritten. Sub-underwriter options are on the same terms as the placement and entitlement offer options. For example, a $100,000 sub-underwriting allocation would receive $1,500 fee and 400,000 sub-underwriter options.

Joint Lead Mangers: SP Corporate Advisory & GBA Capital

HITIQ Limited (ASX: HIQ) is a sports technology company developing smart mouthguard systems that monitor and manage concussion risk. Following a successful track record in elite sports, the company is now targeting the vastly larger amateur and community sports market, unlocking significant scale and recurring revenue potential.

The company’s flagship product, PROTEQT, is a first-to-market consumer solution: a smart, boil-and-bite mouthguard paired with a mobile app that delivers real-time head impact detection, symptom assessment, and telehealth access. The technology is backed by validation from Virginia Tech and Monash University, approved under World Rugby standards, and protected by a granted U.S. patent.

PROTEQT is designed for widespread adoption across youth and community-level sports. The product is delivered via a subscription model, with annual renewals covering both mouthguard replacement and continued software access. A three-year partnership with the Victorian Amateur Football Association (VAFA) marks the launchpad for national rollout, supported by strong early interest from athletes, clubs, and parents.

HITIQ is strategically expanding into key markets with significant opportunities:

• Australia (FY26): Targeting approximately 1 million amateur collision sports players, representing a Year 1 Total Addressable Market (TAM) of AU$349 million, followed by recurring subscription revenue.
• United Kingdom (FY26): Aiming to reach around 5 million grassroots collision sports participants, equating to a Year 1 TAM of AU$1.75 billion, with ongoing subscription-based revenue.
• United States (FY27): Planning to enter the largest market with approximately 30 million youth and amateur collision sports players, contributing to a Year 1 TAM of AU$10.47 billion, with subsequent recurring subscription income.

The growth strategy is focused on a consumer-first rollout, beginning in Australia and scaling into the UK, EU, and US via an exclusive global distribution partnership with Shock Doctor. The SaaS-based business model is designed to scale efficiently, with high-margin upside driven by volume manufacturing, low incremental software costs, and strong user retention. A refreshed board and executive team with deep sports tech and commercialisation experience is leading the execution, supported by an infrastructure build-out to deliver the world’s largest concussion dataset to sporting bodies, healthcare providers, and government stakeholders.