InvestSMART

Livium Ltd (ASX:LIT)

ALERT: Price-sensitive ASX Announcement for LIT
Current share price for LIT : $0.007 -0.002 (-22.22%)+
Announcement
Release
30 Jul 2026 10:06AM
Price at Release
$0.009
Full Release
download
Summary
Livium Ltd has secured an initial institutional investment of A$1.575 million through a Share Subscription Agreement and a Monthly Share Purchase Agreement with Lind Global Fund III LP. This funding is part of a larger funding strategy that provides up to A$11.75 million and includes a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase additional shares. The funding supports Livium's battery recycling initiatives, associated recycling adjacencies, and general working capital needs. This strategic move follows a detailed evaluation of various financing options, and the funding is structured to maintain flexibility and protect core assets. Livium's leadership emphasizes the importance of this financing in advancing their goals of improving operational efficiency and exploring new recycling opportunities.
Key Points
  • Livium secures A$1.575 million initial investment from Lind.
  • Potential funding capacity up to A$11.75 million.
  • Launch of Share Purchase Plan for additional shareholder investment.
  • Funding supports battery recycling and working capital.
  • Strategic evaluation of financing options undertaken.
  • Funding agreements are unsecured and interest-free.
  • Focus on operational efficiency and new recycling opportunities.
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.