NSX Limited (ASX: NSX) Successfully Completes A$1.3 Million Capital Raising

News Summary

NSX Limited (ASX: NSX), the parent company of the National Stock Exchange of Australia, has successfully raised A$1.3 million through the placement of 45.2 million new shares at A$0.025 each. The funds will support working capital as the company advances technology upgrades, pursues international growth, and enhances market appeal. In its March 2025 quarterly report, NSX also updated on financials, new listings, regulatory developments, and the status of its Saudi joint venture project.

NSX Limited (ASX: NSX) Successfully Completes A$1.3 Million Capital Raising

█ ｜By ACB News /Cathy

8 May 2025 | ACB News – Sydney: NSX Limited (ASX: NSX), the parent company and operator of the National Stock Exchange of Australia (NSXA), announced on Tuesday that it has successfully completed a capital raising initiative launched on 15 April 2025. The company issued a total of 45.2 million fully paid ordinary shares at an issue price of A$0.025 per share, raising approximately A$1.3 million before costs.

ACB News understands that the placement was made to a mix of new and existing shareholders, with none of the investors classified as substantial shareholders. The final amount raised exceeded the original target of A$1.1 million set out in the prospectus.

The placement utilised 9.864% of the company’s available placement capacity. Together with the additional 10% capacity approved at the shareholders’ meeting on 21 November 2024, NSX retains a further 15.136% placement capacity for future capital raisings.

In its recently released March 2025 quarterly activities report, NSX provided updates on its business progress and key financial data:

As of the end of the quarter, the company held A$1.174 million in cash, including A$272,000 in restricted funds;

Administrative expenses for the quarter totalled A$966,000, an increase of more than A$580,000 from the previous quarter, primarily due to annual ASIC fees, market service charges, consultancy expenses, and IRESS platform costs;

Staff and director remuneration expenses were A$422,000, up A$57,000 quarter-on-quarter, mainly due to termination settlements and back pay;

Payments to related parties totalled A$281,000, including A$192,000 in director fees and A$90,000 in IT services provided by Authenticate Pty Ltd.

On the operational front, the NSXA approved two new company listings during the quarter and accredited one new Nominated Adviser. The exchange is also in discussions with ASIC and ASX regarding enabling foreign issuers to trade via the CHESS depository system, with the goal of attracting more international companies to list in Australia. Several foreign issuers have already submitted suitability assessments.

NSX further disclosed that two convertible loans from ISX Financial EU, amounting to A$2.2 million and A$7.6 million respectively, remain pending. Conversion of these loans requires both ASIC approval and shareholder approval. ISX has withdrawn its initial application and is preparing a revised submission.

Regarding its joint venture project to establish a mining and commodities exchange in Saudi Arabia, NSX stated that progress remains stalled due to geopolitical conditions and regulatory delays in the region. The company is maintaining minimal expenditures while awaiting further developments from its joint venture partner.

NSX stated that proceeds from the placement will be used to support working capital requirements. Looking ahead, the company remains committed to advancing its technology platform, expanding internationally, and enhancing its market appeal.

According to ACB News data, NSX Limited (ASX: NSX) currently has 503,409,349 shares on issue. At a share price of A$0.025, the company’s market capitalisation stands at approximately A$12.58 million.