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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.067 0.002 (3.08%)+
Announcement
Release
15 Sep 2025 9:39AM
Price at Release
$0.065
Full Release
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Summary
Carbonxt Group Limited announced the completion of its non-renounceable pro-rata entitlement offer, which was initially announced on 22 August 2025. The offer provided one Loyalty Option for every six shares held by eligible shareholders. A total of 51,435,682 Loyalty Options were issued to shareholders, raising approximately $514,357 before costs. These options are expected to be issued by 17 September 2025, with an Appendix 2A lodged with ASX. The company reported a total shortfall of 18,341,105 Loyalty Options, which are to be allocated according to existing underwriting arrangements. The shortfall options are anticipated to be issued by 24 September 2025. This initiative aims to reward shareholders and offer funding flexibility as the company pursues its growth strategy, including the commissioning of the Kentucky JV facility and expanding its product portfolio.
Key Points
  • Completion of non-renounceable pro-rata entitlement offer.
  • One Loyalty Option for every six shares held.
  • Raised approximately $514,357 before costs.
  • Total of 51,435,682 Loyalty Options issued.
  • Shortfall of 18,341,105 Loyalty Options.
  • Options expected to be issued by 17 September 2025.
  • Appendix 2A to be lodged with ASX.
  • Growth strategy includes Kentucky JV facility and product expansion.
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.