IXUP (ASX:IXU) has announced a non-renounceable entitlement offer to eligible shareholders, aiming to raise up to approximately AU$2.1 million.

However, this offer is not extended to shareholders in countries outside Australia, New Zealand, or the United Kingdom due to the number of ineligible shareholders, the cost to comply with international legal requirements, and the value of securities to be offered to ineligible shareholders.

Eligible shareholders must have a registered address on the company's share register in the noted countries, and be registered as a holder of fully-paid shares at a specific date, and time.