Canberra, Australia 17th April 2026
[Canberra, Australia] – [17th April 2026] – [Boresight] (ACN: 40642501228) ("the Company"), a leader in aerial target drones, is pleased to announce that it has lodged a prospectus for an Initial Public Offering on the Australian Securities Exchange.
This marks a significant milestone in the Company's growth strategy.
Highlights of the Offer:
- Offer Structure: The Prospectus provides for an offer of 40,000,000 new shares at an offer price of $0.20 per share.
- Capital Raising: The Company is seeking to raise approximately $8 million (before costs)
- Use of Funds: Proceeds from the IPO will be primarily used to increase manufacturing capability.
- Lead Manager: Perth based CPS Capital
Boresight is an Australian defence technology company addressing the critical and growing gap in military readiness for the ability to train effectively against low-cost drones used in modern conflict.
The IPO will raise approximately $8 million, implying a current market capitalisation of approximately $41.8 million based on the offer price of $0.20 per share. The prospectus is available at www.boresightuas.com
The IPO arrives at a defining moment for the Australian defence industry. The Federal Government's updated Integrated Investment Program commits between $12 billion and $15 billion to drone and autonomous systems through to 2036, with funds earmarked for air, ground and underwater platforms and counter-drone capabilities.
Commentary from Managing Director, Justin Olde:
"Our plan with the funds is to invest in some new manufacturing capability and some more people. We're going to expand the facility we have here in Fyshwick, lease a new larger facility in Huntsville, Alabama, and increase our production capacity there."
Full details of the offer are contained in the Prospectus dated 17th April 2026 issued by Boresight Ltd (ACN 40642501228). The Prospectus is available to Australian residents at www.boresightuas.com
This release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any jurisdiction in which such an offer would be unlawful. This release has been prepared to comply with the requirements of the securities laws of Australia and is intended for use only by residents of Australia.
About us:
About Boresight:
Boresight delivers an integrated aerial target drone ecosystem that enables realistic counter-UAS training and testing for defence forces. The company's systems combine attritable aerial target drones, mission planning software and scalable ground control systems to support threat emulation and operational readiness.
Boresight's platform range includes quadrotor and fixed-wing aerial targets designed to replicate evolving drone threats and enable repeatable training scenarios without risking high-value ISR assets.
With teams in Australia, the United States and the United Kingdom, Boresight supports defence partners globally with scalable training infrastructure and integrated engineering and production capability.
