Kalina Power Limited Raises $1.5 Million Through Share Placement

The latest update is out from Kalina Power Limited ( (AU:KPO) ).

Kalina Power Limited has successfully completed a placement of 187.5 million shares at $0.008 per share, raising $1.5 million in gross proceeds. The issuance of 148,750,000 new ordinary shares was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has confirmed compliance with relevant legal and disclosure requirements. This capital raising is expected to support the company’s ongoing operations and strategic initiatives, potentially strengthening its position in the energy market.

More about Kalina Power Limited

Kalina Power Limited operates in the energy sector, focusing on the development and commercialization of its proprietary Kalina Cycle technology, which enhances the efficiency of power generation systems. The company is based in Australia and is listed on the Australian Securities Exchange under the ticker KPO.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.48M

Learn more about KPO stock on TipRanks’ Stock Analysis page.