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Delorean Corporation Limited (ASX:DEL)

ALERT: Price-sensitive ASX Announcement for DEL
Current share price for DEL : $0.092 -0.008 (-8%)+
Announcement
Release
27 May 2026 12:59PM
Price at Release
$0.100
Full Release
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Summary
Delorean Corporation Limited announced the completion of its Share Purchase Plan (SPP), which successfully raised $750,000. The SPP, launched on 30 April 2026, allowed shareholders to purchase shares at the same price as a previous strategic placement to LMS Energy. Although the SPP aimed to raise up to $2.2 million, it closed with the issuance of 8,333,405 new shares at $0.09 each. The new shares are expected to be traded on the ASX starting 1st June 2026. Delorean thanked its shareholders for their support and stated there are no immediate plans for further share placements.
Key Points
  • Completion of Share Purchase Plan raising $0.75 million
  • SPP launched and announced on 30 April 2026
  • SPP closed with funds to issue 8,333,405 new shares
  • New shares issued at $0.09 per share
  • Total funds raised was $750,000
  • Trading on ASX expected to commence on 1st June 2026
  • SPP initially aimed to raise up to $2.2 million
  • SPP matched previous placement value to LMS Energy
  • No intention to place further shares currently
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.