Energy Technologies Limited Launches $12.7M Rights Issue

Energy Technologies Limited (AU:EGY) has released an update.

Energy Technologies Limited is set to bolster its financial position through a rights issue aiming to raise about $12.7 million, offering new shares at a significant discount to reduce debt, expand its sales division, and support general working capital. Eligible shareholders are invited to purchase new shares at a 14.3% discount from the recent trading price, with the option to acquire additional shares. The offer, which is not underwritten, will commence on September 20, 2024, and conclude on October 2, 2024.

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