RAS Technology announced a share sale by its founders, Gary Crispe and Robert Vilkaitis.

The founders sold three million shares, representing 6.6% of the company's issued capital, at $1.25 per share through a block trade.

Post-sale, both Crispe and Vilkaitis will retain a 17.7% stake in RAS Technology.

The company plans to sell additional shares until at least the first half of FY25 results are released. The move aims to enhance the company's liquidity and attract new investors.