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Volt Power Group Ltd ( (AU:VPR) ) has issued an update.
Volt Power Group Ltd has secured $4.0 million in commitments through a Conditional Placement to fund its acquisition of 4D Delta. This move, supported by both new and existing investors, including company directors, is aimed at bolstering Volt’s growth initiatives and general working capital. The placement, priced at a discount to recent trading values, is contingent on shareholder approval and the completion of the acquisition, with new shares expected to be issued by late December.
More about Volt Power Group Ltd
Volt Power Group Ltd operates in the energy sector, focusing on providing innovative power solutions. The company is involved in the development and acquisition of energy-related technologies and services, aiming to enhance its market presence through strategic investments and partnerships.
Average Trading Volume: 64,374
Technical Sentiment Signal: Sell
Current Market Cap: A$15.54M
For a thorough assessment of VPR stock, go to TipRanks’ Stock Analysis page.