Nanollose Ltd. ( (AU:NC6) ) has issued an announcement.
Nanollose Limited has completed its non-renounceable rights issue offer, initially announced in January 2025, which allowed eligible shareholders to subscribe for additional shares. The offer aimed to raise approximately $1,050,701, but resulted in a significant shortfall of 54,873,275 shares, which will be open for placement by strategic investor Dutch Ink (2010) Pty Ltd for up to three months. This development reflects the company’s ongoing efforts to secure funding for its innovative biomaterials projects and could impact its financial strategy and stakeholder relations.
More about Nanollose Ltd.
Nanollose Limited is a biomaterials company focused on commercializing scalable technology to produce eco-friendly fibres, fabrics, and novel materials with minimal environmental impact. Utilizing an innovative fermentation process, the company transforms agricultural waste into cellulose, which serves as a base for its products like Nullarbor™ fibres and Biollose™ horticultural medium. Nanollose has partnered with Birla Cellulose to advance its Tree-Free Nullarbor lyocell fibre, moving from laboratory to pilot production in India.
YTD Price Performance: -11.11%
Average Trading Volume: 265,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.2M
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