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Carbonxt Group Ltd. ( (AU:CG1) ) just unveiled an update.
Carbonxt Group Ltd has successfully completed a non-renounceable pro-rata entitlement offer, issuing 51,435,682 Loyalty Options to shareholders and raising approximately $514,357 before costs. This move is part of the company’s growth strategy, which includes the commissioning of the Kentucky JV facility and expanding its activated carbon product portfolio, providing additional funding flexibility and rewarding supportive shareholders.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company specializing in the development and marketing of activated carbon products aimed at capturing contaminants from industrial processes that emit harmful pollutants. The company produces powdered activated carbon and activated carbon pellets for industrial air purification, wastewater treatment, and other liquid and gas phase markets.
Average Trading Volume: 225,662
Technical Sentiment Signal: Hold
Current Market Cap: A$27.21M
Find detailed analytics on CG1 stock on TipRanks’ Stock Analysis page.