FBR (FBR) investor relations material

Financial and Operational Update

• Annual burn rate reduced to $10–12 million, with cost controls and restructuring in place.

• Secured up to $22 million in funding, including a $20 million facility from GEM and a $1 million capital raise.

• Share purchase plan (SPP) to raise up to $1 million, allowing eligible shareholders to participate at the same price as the placement.

• Recent capital raise and placement priced at a 23–25% discount to VWAP/last close, raising $1 million for near-term cash flow.

• Proceeds will fund new DST-enabled products, Samsung Heavy Industries collaboration, Mantis launch, WaaS projects, and working capital.

Placement and SPP Details

• Placement will issue about 222.2 million new shares at A$0.0045 each, using existing capacity under Listing Rule 7.1A.

• SPP allows eligible shareholders in Australia and New Zealand to buy A$1,000–A$30,000 of new shares, capped at A$1 million with possible oversubscriptions.

• SPP is not underwritten; directors may place any shortfall at the same price.

• New shares from placement and SPP will rank equally with existing shares.

• Peak Asset Management led the funding round and will assist in placing any SPP shortfall.

Key Dates and Operational Updates

• Placement announced 8 August 2025, settlement 15 August, issue 18 August.

• SPP record date 7 August 2025, opens 18 August, closes 29 August, results by 5 September, trading from 8 September.

• Upcoming investor webinar to cover funding, operational achievements, FY26 priorities, and financial benefits from restructuring.

• No guidance on timing for cash flow positive operations; dependent on sales pipeline conversion.

• Focus on achieving cash flow positivity through increased sales of Hadrian and Mantis.