Clean TeQ Water Addresses SPP Closure and Funding Delay

Clean TeQ Water Ltd (AU:CNQ) has released an update.

Clean TeQ Water Ltd has announced the closure of its Share Purchase Plan (SPP) and is managing a delay in funding from the second tranche of its placement offer, assuring investors that the outstanding funds are expected by July 11, 2024. The company received applications totaling $608,100 from the SPP, and is prepared to offer withdrawal rights to applicants if the delayed funds are not settled by the extended deadline. The SPP was designed to allow shareholders to participate in the capital raise on equal footing with the placement made to sophisticated and institutional investors.

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