Swift Networks Launches $3.3M Entitlement Offer for Growth

About Swift Networks Limited

Swift Networks Group Limited (ASX: SW1), founded in Australia and headquartered in West Perth, WA, is a specialist technology company delivering a premium entertainment and engagement platform across mining, aged care, retirement living, and government sectors. Through a combination of proprietary technology and customised consulting services, Swift enables content delivery, communications, and software integration in remote or complex environments. The company currently trades at $0.011 per share and continues to focus on high-value industry verticals that benefit from connected, flexible content platforms.

Swift Access 2025 and Market Opportunity

Swift’s capital raise coincides with the broader rollout of its next-generation platform, Swift Access 2025. This newly developed product features a revamped user interface, integration with third-party applications, and a lightweight, cost-effective hardware solution aimed at replacing legacy PayTV systems.

Initial site deployments are already scheduled for April 2025, with mining company Roy Hill and aged care provider Bethanie among the first customers. Swift Access 2025 is designed to take advantage of major shifts in these industries—particularly the growing demand for modern, connected TV systems that are compliant with changing regulatory standards in aged care and more adaptable to the communications needs of the resources sector.

The funds raised will enable Swift to expand its footprint in these markets while also supporting the future development of Swift Access 2026, which will include further hardware enhancements to reduce installation costs and improve customer flexibility.

Restructuring the PURE Loan Facility

As part of this strategic capital raise, Swift has renegotiated key terms of its existing loan agreement with PURE Asset Management. Under the amended terms, Swift will repay $1.4 million of the principal loan amount using proceeds from the entitlement offer. The remaining principal will reduce from $7.6 million to $6.2 million.

The loan repayment date has also been extended to 31 March 2027, offering Swift additional flexibility to manage its capital structure and reinvest in core product growth. Other agreed covenants include a monthly minimum cash balance of $1 million and a quarterly capex ceiling of $350,000—providing a sustainable framework for ongoing business operations.

PURE’s underwriting of $2 million reflects its continued support for the company’s direction, and the engagement of Lynx Advisors Pty Ltd to sub-underwrite $300,000 further strengthens the funding base. Lynx Advisors is also set to receive 22.5 million unquoted options as part of their corporate advisory arrangement.

Entitlement Offer Terms and Timeline

The non-renounceable entitlement offer will be made available to eligible shareholders in Australia and New Zealand, allowing them to purchase one new share for every two shares held at a price of $0.01 per share. The offer is expected to open on 1 April 2025 and close on 22 April 2025. All new shares will rank equally with existing shares and will be quoted on the ASX.

In addition to their entitlement, shareholders will be offered the opportunity to apply for additional shares via a shortfall facility, subject to board discretion. The company has lodged its transaction-specific prospectus with ASIC and will distribute personalised application forms to eligible shareholders shortly after the record date of 28 March 2025.

Outlook and Strategic Growth Path

With this capital raise, Swift is entering a new growth phase supported by favourable market trends and a timely product offering. The transition away from traditional PayTV in mining and aged care aligns with Swift’s technology roadmap, particularly as customers seek scalable, compliant, and cost-efficient entertainment and communication systems.

The company is also focused on growing its market share by introducing Swift Access 2025 to new customers and further developing Swift Access 2026. These platforms will be essential to capturing long-term recurring revenue in sectors undergoing digital transformation.

As Swift positions itself for scale, investors will be closely watching the uptake of its new product, execution of its rollout, and the financial benefits of the restructured loan facility. If successful, the company is well-placed to re-establish itself as a leader in connected content delivery across Australia’s essential industries.