Carbonxt Group Ltd. ( (AU:CG1) ) has issued an update.
Carbonxt Group Limited has issued 1,165,000 convertible notes and 7,281,250 options to raise funds for additional working capital and to improve cash flow. This move is expected to enhance the company’s operational capabilities and financial stability, potentially strengthening its position in the cleantech industry. The announcement indicates compliance with relevant sections of the Corporations Act, ensuring transparency and adherence to regulatory standards.
More about Carbonxt Group Ltd.
Carbonxt Group Limited is a cleantech company specializing in the development and marketing of specialized Activated Carbon products. These products are primarily used for capturing mercury and sulfur emissions in industrial processes, as well as in air purification, wastewater treatment, and other liquid and gas phase markets. The company was incorporated in 2001 and listed on the ASX in January 2018.
YTD Price Performance: -21.43%
Average Trading Volume: 217,209
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$23.03M
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