Altech Batteries Secures Share Issue Shortfall

Altech Chemicals Limited (AU:ATC) has released an update.

Altech Batteries Limited has successfully secured binding commitments for the shortfall of its Entitlement Issue, amounting to 51,979,179 shares at $0.04 each, totaling $2,079,167 in proceeds. Investors will receive one free-attaching option for every two shares purchased, with these financial instruments set for issuance on October 9, 2024. This move promises to strengthen the company’s financial position and offers an attractive opportunity for shareholders.

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