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An announcement from White Energy Company Limited ( (AU:WEC) ) is now available.
White Energy Company Limited announced the successful completion of its 5 for 12 partially underwritten non-renounceable pro rata entitlement offer, raising approximately $3.5 million before costs. The offer, which closed on December 10, 2025, saw a total of 124,496,551 shares accepted, with the shortfall covered by the underwriter, Morgans Corporate Limited. The new shares are expected to commence trading on December 18, 2025. This capital raising effort is anticipated to bolster White Energy’s financial position and support its ongoing operations and strategic initiatives in the clean energy sector.
The most recent analyst rating on (AU:WEC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on White Energy Company Limited stock, see the AU:WEC Stock Forecast page.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on the production and development of clean coal technologies. The company is listed on the Australian Securities Exchange and the OTC market, with a market focus on innovative energy solutions.
Average Trading Volume: 65,687
Technical Sentiment Signal: Sell
Current Market Cap: A$14.13M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.