Energy One Completes $4.3M Capital Raise

Energy One Limited (AU:EOL) has released an update.

Energy One Limited successfully closed its $4.3 million capital raising initiative through a non-renounceable entitlement offer at $4.05 per share, fully underwritten by Unified Capital Partners Pty Ltd. A total of 1,073,837 new shares will be issued to eligible shareholders and the remaining shortfall will be addressed per the underwriting agreement. The shares are expected to be allotted on June 21, 2024.

For further insights into AU:EOL stock, check out TipRanks’ Stock Analysis page.