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1414 Degrees Ltd. ( (AU:14D) ) has issued an announcement.
1414 Degrees Ltd has issued 3,846,154 fully paid ordinary shares without investor disclosure under the Corporations Act 2001. This move is part of the company’s ongoing compliance with regulatory requirements and reflects its strategic efforts to enhance its financial position and operational capabilities. The issuance of shares is expected to support the company’s growth and innovation in the renewable energy sector, potentially benefiting stakeholders by strengthening its market position.
More about 1414 Degrees Ltd.
1414 Degrees Limited is a leader in industrial decarbonisation, providing innovative silicon-based solutions that align energy supply with demand to promote renewable energy adoption. Their key technologies include SiBrick®, a thermal energy storage system, SiBox®, which offers high-temperature heat for industrial processes, and SiPHyR™, a methane pyrolysis reactor for low-emission hydrogen production. The company has demonstrated its capabilities through successful pilot projects and owns the Aurora Energy Project in South Australia to further its renewable energy initiatives.
Average Trading Volume: 368,226
Technical Sentiment Signal: Sell
Current Market Cap: A$5.18M
See more insights into 14D stock on TipRanks’ Stock Analysis page.