RLF AgTech to raise $4.5M via placement

RLF AgTech (ASX:RLF) will raise approximately $4.5 million through an oversubscribed placement, offering shares to new and existing sophisticated and institutional investors, the company announced Friday. The placement is priced at $0.05 per share, representing a 15.3% discount from the closing share price as of August 19, 2025. Proceeds will primarily fund the expansion of RLF's Australian business. RLF's Chairperson, Ben Barlow, said, "On behalf of the Board of Directors, I would like to thank the strong support received from current shareholders and new investors as part of the equity raising..." Approximately 90.4 million new shares will be issued, representing around 24% of RLF's existing shares. The company has also canceled convertible notes worth $0.55 million to reduce leverage. The company plans to use the funds to finance raw materials, expand its Australian business, upgrade manufacturing facilities, and cancel the majority of its convertible notes, according to the announcement.

The placement is priced at $0.05 per share, representing a 15.3% discount from the closing share price as of August 19, 2025. Proceeds will primarily fund the expansion of RLF's Australian business.

RLF's Chairperson, Ben Barlow, said, "On behalf of the Board of Directors, I would like to thank the strong support received from current shareholders and new investors as part of the equity raising..."

Approximately 90.4 million new shares will be issued, representing around 24% of RLF's existing shares. The company has also canceled convertible notes worth $0.55 million to reduce leverage.

The company plans to use the funds to finance raw materials, expand its Australian business, upgrade manufacturing facilities, and cancel the majority of its convertible notes, according to the announcement.