Altech Chemicals Limited (AU:ATC) has released an update.
Altech Batteries Limited is set to raise $8,552,860 through a pro-rata non-renounceable entitlement offer, issuing one new share for every eight held at $0.04, plus additional options. The offer, partially underwritten by MAA Group Berhad for $5,000,000, aims to fund ongoing battery project costs. Shareholders outside specified countries are ineligible to participate due to regulatory and cost considerations.
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