Capital Signal

Echoiq Limited (ASX: EIQ)

Sector: Information Technology

Market cap: A$393M (as of 2 Nov 2026)

Prescriptive Artificial Intelligence

Data as of 2 Nov 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
1 July 2026Placement$110M$1.458.8% discountFiling ↗
7 May 2025Placement$17.3M$0.3013% discountFiling ↗
6 Sept 2024Placement$7.1M$0.156.3% discountFiling ↗
19 May 2021Placement$2.5M——Filing ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
10 July 2026Formica Investments Pty Ltd and Stevsand Investments Pty LtdExit—Filing ↗
10 Apr 2026Steven FormicaEntry?% → 5.010%Filing ↗
25 Sept 2025—Unknown—Filing ↗
18 Aug 2025Steven FormicaEntry?% → 4.71%Filing ↗
15 Aug 2025Steven FormicaExit—Filing ↗

Director trades — on-market

DateDirectorTradeSource
7 Oct 2025Stephen (Steve) PictonBought 1,250,000Filing ↗
13 June 2023SIMON TOLHURSTBought 120,000Filing ↗
8 Sept 2021Mr Steve FormicaBought 1,333,332Filing ↗
29 Sept 2020Mr Steve FormicaBought 5,000,000Filing ↗
5 Aug 2020Mr Antanas GuogaSold 10,000,000Filing ↗

Cash and runway

MetricValueAs ofSource
CashA$108M30 Sept 2026Filing ↗
Runway18.3 quarters30 Sept 2026Filing ↗

Ask about EIQ in Claude or ChatGPT

Add the Capital Signal connector at https://capitalsignal.io/api/mcp, then ask:

  • Has EIQ raised money in the last year, and at what discount?
  • What was EIQ's latest cash position and runway?

Setup guide for Claude, ChatGPT and other MCP clients →

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Echoiq Limited (ASX: EIQ): capital raises, holders, director trades | Capital Signal