Key Points • $3.5m Placement to institutional, sophisticated and professional investors • Placement supported by new and existing domestic and international institutional investors • Funding to enhance clean energy sales, support customer projects, and accelerate Ultranode™ development alongside non-dilutive government grants. • 1 for 10 Entitlement Offer targeting $5.0m will be launched for eligible shareholders • Price of 2.0 cents for Placement and Entitlement Offer Shares is a 25.9% discount to the close on 8 November 2024 and 25.0% discount to the 15-day VWAP • $13.3m pro forma cash at 30 September 2024 following completion of the Placement, the $5.0m Entitlement Offer and an estimated $2.4m R&D rebate
ADO Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
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