Pacific Edge Placement Upsized to NZ$16 Million

3 JUNE 2025


PACIFIC EDGE PLACEMENT UPSIZED TO NZ$16 MILLION
DUNEDIN, New Zealand – Cancer diagnostics company Pacific Edge (NZX, ASX: PEB) today
announces it has successfully raised NZ$16 million of new equity in a placement of new
ordinary shares (Placement) — NZ$1 million more than it sought — after Directors resolved to
accept over subscriptions.
1

The Placement, which was well supported by existing shareholders, was completed on Friday
30 May 2025 and is subject to shareholder approval.
2
It was priced at NZ$0.10 cents per
share, a premium to the 20-day volume average weighted price (VWAP) prior to the
announcement of the company’s planned ~NZ$20 million equity issue.
Pacific Edge is now targeting the opening of a NZ$5 million offer to eligible retail investors by
way of a Share Purchase Plan (SPP) at the same NZ$0.10 cents per share offer price in July
or early August 2025 (with the ability to accept oversubscriptions).
3
A shareholder meeting to
approve the Placement is planned for late July or early August 2025.
The Placement and the planned SPP are aimed at ensuring Pacific Edge has additional
resources and capacity to capitalize on its recent clinical and commercial milestones, grow in
non-Medicare channels and regain Medicare coverage of its tests. Medicare coverage of the
company’s tests ceased after the ‘Genetic testing for Oncology; Specific Tests’ (L39365) Local
Coverage Determination became effective on 24 April 2025.
Chairman Chris Gallaher said: “We are delighted with the investor support we have received.
The inclusion of Cxbladder in the American Urological Association’s (AUA) new
microhematuria guideline in February 2025 is significant and has allowed the company to view
the non-coverage determination differently. We are leveraging the important AUA guideline to
build on the commercial momentum we have already established, including our plans to regain
Medicare coverage.”
Pacific Edge Chief Executive Dr Peter Meintjes said: “The robust evidence emerging from our
clinical evidence program is shifting clinical sentiment towards the broader adoption of our tests
in the US and further afield and represents a significant opportunity in addition to Medicare re-
coverage. We are delighted with the strong support we have received from investors to
continue to pursue our plans, and we are looking forward to making the same offer to the
remainder of our shareholders via the SPP.”

1
Shareholder approval is required to settle the Placement (i.e., for payment for, and allotment of, the new shares
offered under the Placement) given the Placement exceeds Pacific Edge's placement capacity (15% of Pacific
Edge's current shares on issue) and due to Related Party participation. The Placement is also conditional on all
necessary regulatory approvals. In this regard, the company intends to seek a waiver from NZX Listing Rule 4.19.1
to permit the allotment of shares under the Placement after shareholder approval is obtained. The Placement offer
closed on 30 May 2025 for the purposes of clause 21(1)(b)(ii) of Schedule 8 to the Financial Markets Conduct
Regulations 2014.
2
See footnote 1.
3
No offer of new shares is made under the SPP unless and until Pacific Edge sends the SPP offer document to
shareholders. No money is currently being sought, and new shares cannot currently be applied for or acquired,
under the SPP.

2

Pacific Edge is advised on the equity raise by Cameron Partners (investment banking
advisers), Harmos Horton Lusk (legal advisers) and The Project (investor relations and
communications advisers).
For further information on the detail and timetable of the equity raising please refer to the
announcement and presentation dated Thursday 29 May 2025 and released by NZX and ASX
on Friday 30 May 2025.
Released for and on behalf of Pacific Edge by Grant Gibson Chief Financial Officer.
For more information:
Investors: Media:
Dr Peter Meintjes Richard Inder
Chief Executive The Project
Pacific Edge P: +64 21 645 643
P: +64 22 032 1263
OVERVIEW
Pacific Edge: www.pacificedgedx.com
Pacific Edge Limited (NZX/ ASX: PEB) is a global cancer diagnostics company leading the way
in the development and commercialization of bladder cancer diagnostic and prognostic tests
for patients presenting with hematuria or surveillance of recurrent disease. Headquartered in
Dunedin, New Zealand, the company provides its suite of Cxbladder tests globally through its
wholly owned, and CLIA certified, laboratories in New Zealand and the USA.
Cxbladder: www.cxbladder.com
Cxbladder is a suite of non-invasive genomic urine tests optimized for the risk stratification of
urothelial cancer in patients presenting with microhematuria and those being monitored for
recurrent disease. The tests help improve the overall patient experience, while prioritizing time
and clinical resources to optimize practice workflow and improve efficiency.
Supported by over 20 years of research, Cxbladder’s evidence portfolio extends to more than
25 peer reviewed publications, and Cxbladder Triage is now included in the American
Urological Association’s Microhematuria Guideline. To drive increased adoption and improved
patient health outcomes, Cxbladder is the focal point of numerous ongoing and planned studies
designed to generate further clinical utility evidence.
Cxbladder is available in the US, Australasia, and Israel and in markets throughout Asia and
South America. In the US, the test has been used by over 5,000 urologists who have ordered
more than 130,000 tests. In New Zealand, Cxbladder is accessible to around 70% of the
population via public healthcare and all residents have the option of buying the test online.