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Bluglass Limited (ASX:BLG)

ALERT: Price-sensitive ASX Announcement for BLG
Current share price for BLG : $0.330 0.04 (13.79%)+
Announcement
Release
1 Jun 2026 8:29AM
Price at Release
$0.290
Full Release
download
Summary
BluGlass Limited has executed a $1 million Option shortfall agreement with Amery Partners Pty Ltd, ensuring a firm financial commitment with the potential to raise an additional $500,000 for a total of $1.5 million. These funds will support new and existing GaN laser contracts and working capital. The agreement includes the issuance of up to 5,769,230 fully paid ordinary shares at $0.26 each, accompanied by unquoted free-attaching options exercisable at $0.38, subject to shareholder approval. The funds bolster BluGlass's financial position following an $8 million placement to institutional investors, reflecting confidence from existing shareholders and institutional investors in BluGlass's technology and commercial momentum.
Key Points
  • BluGlass secures $1 million with potential additional $500,000 through Option shortfall agreement
  • Funds to support GaN laser contracts and working capital
  • Agreement includes issuance of up to 5,769,230 shares at $0.26
  • Shares come with free-attaching options exercisable at $0.38
  • Amery Partners Pty Ltd to receive 6% fee for raised funds
  • Strengthens BluGlass's financial position following $8 million placement
  • Reflects growing confidence in BluGlass's technology and commercial potential
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.