First Graphene Concludes Entitlement Shortfall Offer with New Options

First Graphene Ltd ( (AU:FGR) ) has issued an announcement.

First Graphene Limited announced the closure of its Non-Renounceable Entitlement Shortfall Offer, receiving applications for 4,750,000 New Options, raising an additional $23,750. This development is part of the company’s strategy to place the remaining shortfall of New Options, which supports its ongoing operations and market positioning in the advanced materials industry.

More about First Graphene Ltd

First Graphene Limited is a leading supplier of graphitic materials and product formulations, focusing on large, high-growth global markets such as cement and concrete, composites and plastics, coatings, adhesives, sealants and elastomers (CASE), and energy storage applications. The company aims to reduce carbon dioxide emissions through its advanced materials and has a robust manufacturing platform with scalable technologies. It is publicly listed in Australia and has a primary manufacturing base in Henderson, WA, and a presence in the Manchester Innovation District, UK.

YTD Price Performance: 22.22%

Average Trading Volume: 352,652

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$24.71M

For an in-depth examination of FGR stock, go to TipRanks’ Stock Analysis page.