Kalina Power Limited ( (AU:KPO) ) just unveiled an announcement.
Kalina Power Limited is addressing concerns about its cash position by securing commitments to raise approximately $2.5 million through a share placement and rights issue. The company is also exploring various funding sources and potential site sales to ensure sufficient working capital for its projects. Despite expecting negative operating cash flows in the near term, Kalina Power is confident in its ability to achieve self-funding status for its subsidiary, Kalina Distributed Power Limited, as projects progress and funding is secured.
More about Kalina Power Limited
Kalina Power Limited operates in the clean energy sector, focusing on the development of power projects that incorporate carbon capture and sequestration technologies. The company is actively engaged in project development and funding efforts, particularly through its Canadian subsidiary, Kalina Distributed Power Limited.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €14.74M
Learn more about KPO stock on TipRanks’ Stock Analysis page.