HITIQ Limited (ASX:HIQ) Announces Exclusive Global Agreement with Shock Doctor
Exclusive Global Agreement
HITIQ Limited (ASX:HIQ) has secured an exclusive global agreement with Shock Doctor, the world’s leading mouthguard brand. This partnership integrates HITIQ’s PROTEQT concussion management technology into Shock Doctor’s self-fit “boil and bite” mouthguards, aiming to revolutionise athlete safety worldwide. The agreement includes plans to manufacture 20,000 units in 2025 and 100,000 units in 2026, with initial rollouts through partnerships with VAFA, AFL Barwon, and Westfield Sports High.
Entitlement Offer
HITIQ Limited is conducting a non-renounceable rights issue, offering 1 new share for every 3 held at $0.022 per share, plus 1 option for every 2 new shares subscribed. The company aims to raise approximately $2.92 million by issuing up to 132,823,847 new ordinary shares. The offer closes on 20 June 2025, with options set to expire on 30 December 2028.
Executive Comments
Earl Eddings, Executive Chair of HITIQ, stated, “This world-first global agreement with Shock Doctor, the global mouthguard leader, is a defining moment. PROTEQT, now market-ready, combines our cutting-edge technology with their mouthguard excellence to transform concussion management worldwide.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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