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ACDC Metals Ltd (ASX:ADC)

ALERT: Price-sensitive ASX Announcement for ADC
Current share price for ADC : $0.044 -0.004 (-8.33%)+
Announcement
Release
10 Jun 2026 5:59PM
Price at Release
$0.048
Full Release
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Summary
ACDC Metals Ltd announced the closure of its non-renounceable pro-rata entitlement offer, which involved issuing shares and options to raise funds for the company's projects and working capital. The offer, which closed on 9 June 2026, consisted of issuing one fully paid ordinary share for every three shares held at an issue price of $0.05, with a free attaching option for every two shares applied for. The offer successfully raised $293,853.70 from 5,877,074 shares and an additional $54,319.85 from shortfall shares, leaving a remaining shortfall of 24,257,029 shares. All shares will be issued and quoted on 16 June 2026, and ACDC retains the discretion to place shortfall shares with investors within three months. The funds will support both ongoing and new projects as well as general working capital needs.
Key Points
  • ACDC Metals Ltd announced the results of their non-renounceable pro-rata entitlement offer.
  • The entitlement offer involved issuing one fully paid ordinary share for every three shares held at $0.05 per share.
  • A free attaching option was offered for every two shares applied for, exercisable at $0.075 within 24 months.
  • The offer aimed to raise up to $1,561,013.
  • A total of 5,877,074 shares were applied for under the entitlement offer, raising $293,853.70.
  • An additional 1,086,397 shortfall shares were applied for, raising $54,319.85.
  • The remaining shortfall comprised 24,257,029 shares.
  • Shares and options from the entitlement offer will be issued and quoted on 16 June 2026.
  • ACDC reserves the right to place any shortfall shares with existing or professional investors within three months.
  • Funds will support existing projects, new ventures, and working capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.