Carbonxt Group (ASX: CG1) Completes Capital Raise to Back U.S. Cleantech Facility Rollout

2 min read | September 15, 2025 02:16 AM AEST | By Aditi Sarkar

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Carbonxt Group (ASX: CG1) Completes Capital Raise to Back U.S. Cleantech Facility Rollout — Image source: Company update

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Highlights

CG1 plans to issue 51.4 million Loyalty Options, raising approximately AUD 0.51 million before costs.

Eligible shareholders received one Loyalty Option for every six shares held.

Shortfall of 18.3 million Loyalty Options to be allocated under the underwriting terms.

Managing Director Warren Murphy highlighted the funding flexibility gained as the company commissions its new Kentucky activated carbon facility.

US-focused cleantech company Carbonxt Group Limited (ASX:CG1) has completed its non-renounceable pro-rata entitlement offer announced on 22 August 2025. The offer entitled eligible shareholders to one Loyalty Option for every six shares held. The company stated that a total of 51,435,682 Loyalty Options will be issued, raising approximately AUD 514,357 before costs. The Loyalty Options are expected to be issued by 17 September 2025, with an Appendix 2A scheduled to be lodged with the ASX on the same date.

The entitlement offer recorded a shortfall of 18,341,105 Loyalty Options, which would be allocated in line with previously disclosed underwriting arrangements. These shortfall options are expected to be issued by 24 September 2025, with a separate Appendix 2A filing planned. Holdings statements are anticipated to be dispatched to participating shareholders on 17 September 2025.

Carbonxt previously indicated that the purpose of the offer was to reward existing shareholders, provide a potential future source of capital through the exercise of Loyalty Options, and recognise the expected material uplift in operations following the successful commissioning of the new Activated Carbon manufacturing facility in Kentucky.

Carbonxt Managing Director Warren Murphy commented: “The Loyalty Options reward our supportive shareholders and provide additional funding flexibility as we continue to execute on our growth strategy, including commissioning of the Kentucky JV facility and expansion of our activated carbon product portfolio.”

Shares of CG1 last traded at AUD 0.065 on 11 September 2025.

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