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An update from Pilot Energy Limited ( (AU:PGY) ) is now available.
Pilot Energy Limited has announced a substantial proposed equity placement and options issue, outlining plans to issue 955,554,882 fully paid ordinary shares along with large tranches of options expiring in 2027 and 2030 at exercise prices of $0.0036 and $0.0050, respectively. The new securities, targeted for issue on 3 February 2026, significantly expand the company’s capital base and introduce a sizeable pool of options, which could provide additional funding if exercised but may also lead to dilution for existing shareholders, marking a notable capital-raising step that may influence the company’s future funding flexibility and market positioning.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
More about Pilot Energy Limited
Pilot Energy Limited is an Australia-listed company (ASX: PGY) operating in the energy sector, with its core business involving the exploration, development and commercialisation of energy assets. The company accesses capital markets through equity issuance on the ASX to fund its operational and strategic activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
See more data about PGY stock on TipRanks’ Stock Analysis page.