Carbonxt Group Ltd Completes Share Purchase Plan to Fund Expansion

Carbonxt Group Ltd. ( (AU:CG1) ) has shared an update.

Carbonxt Group Ltd has successfully completed its Share Purchase Plan, raising a total of A$739,000. The funds will be used to support the company’s strategic investment in a state-of-the-art activated carbon plant in eastern Kentucky, USA, which is central to its expansion strategy and long-term revenue growth. The plan was underwritten by two major shareholders, and the company’s leadership has shown confidence in its growth plans by participating fully in the share purchase. This investment is expected to enhance Carbonxt’s industry positioning and provide significant benefits to its stakeholders.

More about Carbonxt Group Ltd.

Carbonxt Group Ltd is a cleantech company specializing in the development and marketing of specialized Activated Carbon products. These products are designed for capturing contaminants in industrial processes that emit significant amounts of harmful pollutants. The company produces powdered activated carbon and activated carbon pellets, which are used in industrial air purification, wastewater treatment, and other liquid and gas phase markets.

YTD Price Performance: -17.14%

Average Trading Volume: 205,155

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$22.99M

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