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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.082 -0.018 (-18%)+
Announcement
Release
5 Jan 2026 9:41AM
Price at Release
$0.100
Full Release
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Summary
Carbonxt Group Limited, listed on the ASX as CG1, announced it has secured additional funding through a placement of fully paid ordinary shares, raising $600,000. The placement of 6,666,667 shares was facilitated at $0.09 each, representing a discount to prior trading prices. Major shareholder Phelbe Pty Ltd and other high-net-worth investors participated. The proceeds are earmarked for working capital and an additional investment in New Carbon Processing, LLC, bringing Carbonxt's ownership stake to 46.7%. The company's Kentucky facility is nearing commissioning. All new securities will have the same rights as existing shares.
Key Points
  • Carbonxt Group Ltd has secured additional funding from Phelbe Pty Ltd and high-net-worth investors.
  • The company completed a placement of 6,666,667 shares at $0.09 per share, raising $600,000.
  • The placement price was at a discount to recent share prices.
  • Proceeds will be used for working capital and further investment in New Carbon Processing, LLC.
  • Carbonxt's ownership in New Carbon Processing will increase to 46.7%.
  • New Carbon Processing's Kentucky facility is preparing for commissioning campaigns.
  • All issued securities will rank equally with existing shares.
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.