#sharepurchaseplan

[colitcollp]

Carbonxt Powers Ahead: Share Purchase Plan Successfully Completed!

Carbonxt Group Ltd (ASX: CG1) has taken a major step forward, closing its Share Purchase Plan (SPP) with resounding success. This bold move strengthens the Company’s strategic expansion plans in Kentucky, USA. 🌎💼

🔥 Highlights of the Carbonxt SPP Success

🔹 Total Raised: A$739,000 from loyal shareholders. 💰

🔹 Offer Details: Shareholders could subscribe for up to A$30,000 at just A$0.06 per share! 📈

🔹 Underwritten Support:

Phelbe Pty Ltd and Chaleyer Holdings Pty Ltd underwrote the SPP up to A$1,000,000 — showcasing rock-solid backing. 🤝✨

🔹 Shortfall Placement:

The shortfall of A$261,000 has now been successfully placed by the two key shareholders. 🏦✅

[carbonxtgroupblog]

Carbonxt Launches Share Purchase Plan After Successful Capital Raises

Carbonxt Group Limited (ASX: CG1), a leader in activated carbon technology, has announced the launch of a Share Purchase Plan (SPP) following two successful capital raises in late 2024. This strategic move provides existing shareholders with the opportunity to invest under the same terms as institutional investors, reflecting Carbonxt's commitment to shareholder value and inclusive growth.

Purpose of the Share Purchase Plan

The funds raised through the SPP will be strategically allocated to support working capital requirements and expedite the development of Carbonxt's state-of-the-art Kentucky facility. This facility, which has now reached mechanical completion, is pivotal to the Company's expansion strategy in the activated carbon market. Initial revenues from this facility are anticipated in the first half of 2025, marking a significant milestone in Carbonxt's growth trajectory.

[worldtopcompanylist]