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An announcement from Delorean Corporation Ltd ( (AU:DEL) ) is now available.
Delorean Corporation has opened a share purchase plan for eligible shareholders, following a $2.2 million strategic placement to biogas specialist LMS Energy at $0.09 per share. The offer allows existing investors to acquire shares on the same terms and without fees or brokerage, with key dates set through late May.
The capital raising supports Delorean’s pivot into a major renewable gas infrastructure owner as it advances its 100%-owned SA1 bioenergy facility in South Australia and prepares for first biomethane in the fourth quarter of 2026. Proceeds are also intended to help progress the NSW1 project, backed by $30.5 million in government grants and a 25-year offtake with Brickworks, and the planned VIC1 project, reinforcing the company’s growth trajectory in renewable gas.
More about Delorean Corporation Ltd
Delorean Corporation is an Australian bioenergy company that designs, builds, owns and operates bioenergy infrastructure, while also running an energy retail division. Through its engineering, infrastructure, operations and retail arms, it processes organic waste to generate renewable power and gas, earning revenue from electricity, heat, gas, carbon credits and waste processing fees.
Average Trading Volume: 165,982
Technical Sentiment Signal: Sell
Current Market Cap: A$21.53M
Find detailed analytics on DEL stock on TipRanks’ Stock Analysis page.