Dotz Nano Secures A$1.2 Million in Private Placement to Advance Carbon Capture Technology

Dotz Nano Limited ( (AU:DTZ) ) has shared an announcement.

Dotz Nano Limited has announced a private placement offering, raising A$1.2 million from institutional and sophisticated investors to support working capital. This move reflects investor confidence in Dotz’s unique DotzEarth technology and its progress towards commercial deployment of its direct air capture technology. The placement involves issuing 20 million new shares at a discounted price, with options for further shares, subject to shareholder approval. The funds will provide Dotz with time to resolve issues with a separate standby subscription agreement with TRITON FUNDS LP, under which no funds have yet been received.

More about Dotz Nano Limited

Dotz Nano Limited is a pioneering developer of innovative climate and industrial nanotechnologies focused on addressing global environmental and industrial challenges. The company specializes in carbon management technologies, including direct air capture and point source capture, utilizing novel porous sorbents and advanced process designs to offer cost-effective carbon capture and removal solutions.

Average Trading Volume: 293,113

Technical Sentiment Signal: Sell

Current Market Cap: A$49.67M

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