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Altech Batteries Reshapes Equity Base as 186 Million Options Expire

Story Highlights
  • Altech Batteries reports the expiry of 185.7 million listed options at a $0.06 exercise price.
  • The company now has 2.67 billion shares on issue plus remaining options and performance rights outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Altech Batteries Reshapes Equity Base as 186 Million Options Expire

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An announcement from Altech Chemicals Limited ( (AU:ATC) ) is now available.

Altech Batteries Limited has announced that 185,686,828 listed options with the ASX code ATCOC, carrying an exercise price of $0.06 and expiring on 31 December 2025, have lapsed. Following this expiry, the company’s capital structure now consists of 2.67 billion fully paid ordinary shares, along with various remaining option series and performance rights with later expiry dates, a reshaping of its securities on issue that may influence future dilution dynamics and investor assessment of its equity base.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

More about Altech Chemicals Limited

Altech Batteries Limited is an Australia-based company listed on the ASX that operates in the battery and advanced materials sector, with its securities comprising fully paid ordinary shares, listed options and performance rights that support its capital structure for ongoing projects and development activities.

Average Trading Volume: 8,128,225

Technical Sentiment Signal: Sell

Current Market Cap: A$66.72M

For a thorough assessment of ATC stock, go to TipRanks’ Stock Analysis page.

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