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Tempo Australia Ltd ( (AU:H2G) ) has shared an update.
GreenHy2 Limited has notified the ASX of a proposed issue of up to 6,901,126 ordinary fully paid shares, to be undertaken as a placement or similar type of capital raising. The new securities are expected to be issued on 22 May 2026, reinforcing the company’s reliance on equity markets to fund its activities and potentially affecting existing shareholders through dilution while providing fresh capital for its operations.
The company has applied for the new shares to be quoted on the ASX in accordance with the exchange’s listing rules and standard Appendix processes. This step formalises GreenHy2’s intention to expand its listed capital base, positioning it to access additional investor demand and potentially improve liquidity in its stock once the issue is completed.
The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.
More about Tempo Australia Ltd
GreenHy2 Limited, listed on the ASX under the code H2G, is a publicly traded company, though the filing does not specify its industry, products or services. The company is undertaking capital markets activity through the proposed issuance of new ordinary fully paid shares, indicating ongoing use of equity funding to support its corporate objectives.
Average Trading Volume: 1,446,943
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.86M
Learn more about H2G stock on TipRanks’ Stock Analysis page.