GreenHy2 Limited Announces Entitlement Offer
Company Announcements

GreenHy2 Limited Announces Entitlement Offer

Tempo Australia Ltd (AU:H2G) has released an update.

GreenHy2 Limited has announced an entitlement offer of new shares for eligible shareholders, priced at $0.006 each, to be issued without further disclosure under Australian law. This capital raising follows the company’s successful grant application for $1.5 million from the Australian Government, matched by Telstra, for a renewable energy project. The offer is partially underwritten, and while it may dilute non-participating shareholders’ stakes, it’s not expected to significantly alter company control.

For further insights into AU:H2G stock, check out TipRanks’ Stock Analysis page.

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