Energy Technologies Limited (AU:EGY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Energy Technologies Limited has successfully completed a $3 million capital raising through a placement of new shares targeted at professional and sophisticated investors. The funds will bolster the company’s operational growth, working capital, and cover the offering costs. The placement, which was oversubscribed, signals strong shareholder support and will see the new shares rank equally with the existing ones on the ASX.
For further insights into AU:EGY stock, check out TipRanks’ Stock Analysis page.