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The latest announcement is out from Tempo Australia Ltd ( (AU:H2G) ).
Greenhy2 Limited has notified the ASX of its intention to issue up to 27,777,778 new ordinary fully paid shares under a proposed placement or similar equity offering. The proposed issue is scheduled for 22 May 2026 and will be quoted under the company’s existing H2G ticker, subject to ASX requirements.
The share issue signals a planned capital raising that could support Greenhy2’s future growth initiatives, balance sheet needs, or project funding, though specific use of proceeds is not disclosed. Existing shareholders may face dilution depending on the final pricing and allocation, while the placement could broaden the company’s investor base and enhance its market visibility.
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 specific industry and core operations are not described in the filing. The company is registered in Australia and is accessing the equity capital markets via new ordinary fully paid shares, indicating it is in a capital-raising or expansion phase.
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.