Energy Action Bolsters Financial Health

Energy Action Limited (AU:EAX) has released an update.

Energy Action Limited has announced the successful completion of its deleveraging strategy, including a rights issue, debt conversion, and loan facility extension, collectively improving the company’s balance sheet by $1.7 million and issuing 8.87 million new shares. The transactions have reduced the company’s debt and are aimed at positioning it for future growth, with a renewed focus on serving Australian business customers with energy and carbon emissions management services.

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