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Altech Chemicals Limited ( (AU:ATC) ) has provided an announcement.
Altech Batteries Limited has confirmed that 28,261,262 unlisted options with an exercise price of $0.08, which were due to expire on 30 April 2026, have now lapsed. Following this expiry, the company’s capital structure comprises 2,669,056,318 fully paid ordinary shares, 126,666,667 unlisted options exercisable at $0.065 expiring on 31 October 2028, and 55,150,000 performance rights.
The expiration of these options marginally simplifies Altech’s capital structure and removes a block of higher-priced potential equity from the market. This change may slightly reduce prospective dilution for existing shareholders compared with the previously outstanding options, while the remaining lower-priced options and performance rights continue to provide equity-linked incentives and potential future capital for the company.
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. The company is focused on developing and commercialising battery-related technologies and products, positioning itself within the broader clean energy and energy storage market.
Average Trading Volume: 2,586,388
Technical Sentiment Signal: Sell
Current Market Cap: A$45.37M
See more data about ATC stock on TipRanks’ Stock Analysis page.