InvestSMART

Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.075 -0.001 (-1.32%)+
Announcement
Release
16 Apr 2026 9:52AM
Price at Release
$0.076
Full Release
download
Summary
Carbonxt Group Limited, listed on the ASX as CG1, has secured $750,000 in funding through the issuance of convertible notes to major shareholder Phelbe Pty Ltd. These notes, each valued at $1.00 with a 9.5% interest rate, are convertible into fully paid ordinary shares and come with free-attaching options. The funds will support capital expenditure for expanding a manufacturing facility in Minnesota, increase Carbonxt's ownership in New Carbon Processing, LLC, and cover working capital needs.
Key Points
  • Carbonxt secured $750,000 through convertible notes.
  • Major shareholder Phelbe Pty Ltd involved in funding.
  • Convertible notes have a 9.5% interest rate, convertible at $0.10.
  • Funds to be used for facility expansion and increased investment in New Carbon Processing, LLC.
  • Convertible notes convert into 7,500,000 fully paid ordinary shares.
  • Free-attaching options provided for every three convertible notes held.
  • Securities issued under ASX Listing Rule 7.1 placement capacity.
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.