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EPX Issues New Shares to Fund Wattwatchers Acquisition

Story Highlights
  • EPX issued 1,562,500 new shares to Kilara Growth Fund to support its acquisition of Wattwatchers, reinforcing its strategic expansion in energy technology.
  • The company confirmed the placement was conducted under Corporations Act exemptions while maintaining full compliance and transparency obligations for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
EPX Issues New Shares to Fund Wattwatchers Acquisition

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The latest announcement is out from EPX ( (AU:EPX) ).

EPX Limited has issued 1,562,500 new fully paid ordinary shares at $0.32 per share to Kilara Growth Fund LP as part of the arrangements linked to its acquisition of energy monitoring firm Wattwatchers Pty Limited, strengthening its capital structure to support this strategic transaction. The company confirmed that the share issue was conducted without a disclosure document under the relevant provisions of the Corporations Act, and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no excluded information, providing regulatory assurance and transparency for existing and new shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

More about EPX

EPX Limited (ASX: EPX) is an Australia-based listed company operating in the technology and energy management space, currently expanding its capabilities through the acquisition of Wattwatchers Pty Limited, a specialist in energy data and monitoring solutions.

Average Trading Volume: 231,413

Technical Sentiment Signal: Hold

Current Market Cap: A$21.02M

For a thorough assessment of EPX stock, go to TipRanks’ Stock Analysis page.

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