InvestSMART

Eden Innovations Ltd (ASX:EDE)

ALERT: Price-sensitive ASX Announcement for EDE
Current share price for EDE : $0.085 0.034 (66.67%)+
Announcement
Release
10 Nov 2025 10:05AM
Price at Release
$0.051
Full Release
download
Summary
Eden Innovations Ltd has announced the successful placement of entitlement offer shortfall, raising approximately $4.35 million. This fundraising effort was led by Oakley Capital Partners Pty Limited and co-managed by Peak Asset Management Pty Ltd, receiving substantial backing from new professional and sophisticated investors. Tasman Resources Ltd, a major shareholder, plans to invest $250,000 in this placement. The funds raised will support the marketing and commercialization of Eden's products, EdenCrete® and OptiBlend® in the USA and globally. The capital raising is part of a broader financial restructuring, alongside the recent sale of Eden's Georgia property to repay external debt.
Key Points
  • Eden Innovations raised $4.35 million through a placement of entitlement shortfall.
  • The placement was led by Oakley Capital Partners and co-managed by Peak Asset Management.
  • Tasman Resources Ltd intends to invest $250,000, subject to shareholder approval.
  • Funds will be used for the marketing and commercialization of EdenCrete® and OptiBlend®.
  • The capital raising is part of Eden's financial reconstruction.
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.