Highlights
- Carbonxt Group has launched an AUD 0.7mn Loyalty Options Entitlement Offer for shareholders.
- Offer underwritten, exercisable at AUD 0.07 per share within three years.
- Funds to support working capital, debt reduction, and new facility operations.
Cleantech company Carbonxt Group Ltd (ASX:CG1) has launched a Loyalty Options offer for existing shareholders (Entitlement Offer) to raise approximately AUD 0.7 million. As per the offer, eligible shareholders will be able to subscribe to Loyalty Options at an issue price of AUD 0.01 each.
The purpose of the Offer is to reward shareholders for their continued support, provide a potential source of additional capital through the exercise of Loyalty Options, and acknowledge the anticipated material uplift in operations from the commissioning of Carbonxt’s new Activated Carbon manufacturing facility in Kentucky.
Key Terms of the Offer
- The Entitlement Offer is a non-renounceable pro-rata entitlement offer. It is based on one (1) Loyalty Option for every six (6) Shares held.
- It will be made to shareholders recorded on the company’s share register as holding Shares at 7.00pm (Sydney time) on Wednesday, 27 August 2025 (Record Date). Shareholders must have a registered address in Australia or New Zealand (Eligible Shareholders).
- Each option is exercisable at AUD 0.07 per share three (3) years from the date of issue.
Shares of CG1 traded at AUD 0.065, up approximately 6.6%, on 22 August 2025.