WhiteHawk Limited (ASX: WHK), the first global online cybersecurity exchange enabling businesses to mitigate cyber risks effectively, announced that Director and major shareholder Giuseppe Porcelli, through Lakeba Group Limited, intends to significantly increase his shareholding in the company. The increase will occur under Tranche 2 of a previously announced placement. Shareholder approval for the issue of shares and options under Tranche 2 will be sought at the General Meeting in September 2025.
Lakeba Group Limited, an entity associated with Mr. Porcelli, plans to subscribe for A$440,156, acquiring 38,274,452 new shares and 19,137,227 placement options. These will be under the same terms and conditions as Tranche 1 of the placement. Currently, Mr. Porcelli holds 35,000,000 ordinary shares and 11,666,666 WHKOA listed options directly, along with 7,646,003 shares and 2,500,000 WHKOA listed options indirectly through related parties, representing 4.86% of WhiteHawk’s issued share capital. Following this additional subscription, Mr. Porcelli will hold 8.84% of the company’s issued capital.
Mr. Porcelli expressed confidence in WhiteHawk’s team, cyber risk product offerings, and business pipeline, highlighting the potential for growth outside the US, particularly in the Middle East and ASEAN regions. He stated the increased shareholding would help fund WhiteHawk’s working capital needs for business growth in the MEA region. WhiteHawk Executive Chair Terry Roberts applauded Mr. Porcelli’s support, noting it would enable business objectives both financially and through his connections and experience in technology innovation and strategic business alliances.
