Biotron Limited responds to ASX query on market sensitivity and financial position.

Biotron Limited (ASX: BIT) has addressed the ASX's query regarding its 21 February 2025 Share Purchase Plan (SPP) announcement, which was mistakenly marked as “not market sensitive” due to human error. The company clarified its financial position, noting that an AU$500,000 capital raise was deemed essential to support operations while pursuing commercialization efforts. Following investor interest, BIT secured an AU$750,000 underwriting agreement with Mahe Capital, leading to the withdrawal of the SPP in favor of a Rights Issue. 

BIT also confirmed compliance with Listing Rule 3.1, asserting that prior financial disclosures, including the 24 January 2025 Appendix 4C, provided transparency on its financial standing. The board remains confident in the company’s ongoing operations and quotation eligibility on ASX. BIT has assured investors that appropriate disclosure policies were followed, with all responses authorized and approved per governance protocols.

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