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The latest update is out from Kalina Power Limited ( (AU:KPO) ).
Kalina Power Limited has successfully raised $1.5 million through a placement to sophisticated, professional, and institutional investors. The company is also conducting a pro rata non-renounceable entitlement offer to raise an additional $1.04 million. The funds will be used to support the company’s working capital and strategic plans. This capital raising initiative is expected to strengthen Kalina Power’s financial position and support its ongoing operations and growth strategies.
More about Kalina Power Limited
Kalina Power Limited is a company operating in the energy sector, focusing on innovative power generation technologies. It primarily engages in the development and commercialization of the Kalina Cycle technology, which is designed to improve the efficiency of power plants and reduce emissions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €14.75M
For an in-depth examination of KPO stock, go to TipRanks’ Stock Analysis page.
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