Altech (ASX:ATC, FRA:A3Y) Completes Bond Facility Agreement with Deutsche Balaton

2 min read | September 05, 2025 04:57 PM AEST | By Sonal Goyal

Google News:

Altech (ASX:ATC, FRA:A3Y) Completes Bond Facility Agreement with Deutsche Balaton — Image source: Company update

Recent News

ASX Gains on Hormuz Relief and Gold Safe-Haven Demand

Healthcare Stocks Back in Focus as Device and Diagnostics Trends Gain...

Small Cap Gold Miners Shine as Gold Cycle Strengthens

Healthcare Stocks Back In Focus As Market Searches For Stability

Make Kalkine Media
My Trusted Source

Highlights

Altech Batteries has drawn down the remaining €1 million under its Bearer Bond facility with major shareholder Deutsche Balaton.

The total facility was mutually adjusted from €2.5M to €2M, with the full amount now drawn.

Proceeds from the Malaysian land sale and up to €2 million in Bearer Bonds are earmarked to fund the CERENERGY® battery project and Silumina Anodes™ project.

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) has received the remaining €1 million under its Bearer Bond facility with major shareholder Deutsche Balaton AG. This marks the completion of the facility, with the total €2 million fully drawn down.

Originally established at €2.5 million, the facility was revised through mutual agreement to €2 million, with the adjustment formalised under an amendment deed to the bond note subscription deed executed on 20 August 2025.

Use of Proceeds

As previously communicated in March 2025, the company announced it was proceeding with the sale of its Malaysian land to provide funding for the continued development of the CERENERGY® battery project and the Silumina Anodes™ battery materials project. At the same time, the company announced it had executed a binding Bond Note Subscription Deed with Deutsche Balaton AG, allowing it to draw down up to €2.5 million in cash through interest-bearing Bearer Bonds.

ATC shares traded at AUD 0.033 per share on 5 September 2025.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.