GreenHy2 Raises Equity via Placement to Institutional and Sophisticated Investors

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

GreenHy2 Limited has raised capital by issuing 69,931,207 fully paid ordinary shares at $0.009 each to institutional and sophisticated investors under a placement using its existing ASX Listing Rule 7.1 capacity. The company confirmed the shares were issued without a disclosure document under Part 6D.2 of the Corporations Act and stated it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information, providing comfort to investors about regulatory transparency and governance.

The placement strengthens GreenHy2’s financial position as it advances its portfolio of renewable energy storage technologies, spanning graphene-based batteries, hydrogen storage, and fuel cell systems. By tapping institutional and sophisticated investors while affirming ongoing Corporations Act compliance, GreenHy2 reinforces its standing as a key Australian innovator in renewable energy engineering and signals continuity in its strategic development activities.

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 as H2G, is an Australian engineering company focused on renewable energy solutions. Founded in 2011, it specialises in renewable energy storage technologies, including graphene-based hybrid batteries, low-pressure and solid-state hydrogen storage, supercapacitor batteries, electrolysers, fuel cells, digital interfaces, and ongoing operation and maintenance services.

Average Trading Volume: 1,463,727

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$4.86M

For detailed information about H2G stock, go to TipRanks’ Stock Analysis page.