Kalina Power Limited ( (AU:KPO) ) just unveiled an update.
Kalina Power Limited announced the results of its non-renounceable entitlement offer, which closed on April 3, 2025. The offer allowed eligible shareholders to subscribe for new shares, resulting in the issuance of 5,475,966 new shares and generating $43,807.73 in gross proceeds. Additionally, 2,737,994 free attaching options will be issued. The new shares are set to begin normal trading on April 11, 2025, reflecting the company’s efforts to strengthen its financial position and engage its shareholder base.
More about Kalina Power Limited
Kalina Power Limited operates in the energy sector, focusing on innovative power solutions. The company is known for its development and commercialization of the Kalina Cycle technology, which is aimed at improving energy efficiency and reducing emissions in power generation.
Technical Sentiment Signal: Buy
Current Market Cap: €7.86M
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