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Altech Batteries - Enttlement Issue Shortfall to be Placed


Highlights

  • Entitlement Issue closed 10 September 2024
  • Binding commitments now received for remaining shortfall of 51,979,179 shares
  • Shares and free-attaching options intended to be issued 9 October 2024

Altech Batteries Limited (Altech/the Company) (ASX: ATC) provides the following update regarding its Entitlement Issue as announced on 7 August 2024.

The Company has received binding commitments for the remaining 51,979,179 shares at $0.04 per share, amounting to gross proceeds of $2,079,167. For every two shares issued, applicants will also receive one free-attaching listed ASX:ATCOC option with an exercise price of $0.06 per share and expiring 31 December 2025.

For more information, download the attached PDF.

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