Carbonxt Group (ASX:CG1) Announces Convertible Note Funding and Increased US Investment

2 min read | February 25, 2026 05:58 PM AEDT | By Sonal Goyal

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Carbonxt Group (ASX:CG1) Announces Convertible Note Funding and Increased US Investment — Image source: © 2026 Krish Capital Pty. Ltd.

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Highlights

Carbonxt has secured AUD 500,000 through a Convertible Note issue backed by major shareholder Phelbe Pty Ltd.

The funding will support working capital and a further investment in US-based New Carbon Processing, LLC.

The notes are convertible at AUD 0.10 and may convert into 5,000,000 ordinary shares.

The additional USD 250,000 investment will increase the company’s stake in New Carbon Processing, LLC to 47.4%.

Carbonxt Group Ltd (ASX:CG1) has secured AUD 500,000 in funding through a Convertible Note issue backed by major shareholder Phelbe Pty Ltd. The capital raising is intended to support working capital requirements and fund a further investment in US-based New Carbon Processing, LLC, lifting Carbonxt’s ownership interest to 47.4%.

Funding Secured via Convertible Notes

Carbonxt will issue up to 500,000 Convertible Notes to Phelbe at a face value of AUD 1.00 each. The notes have a conversion price of AUD 0.10 per share and a three-year term from the date of issue.

Upon conversion, a total of 5,000,000 shares will be issued. In addition, investors will receive one free-attaching option for every three Convertible Notes held (1:3), exercisable at AUD 0.10 with a three-year term.

Capital Allocation Plans

Proceeds from the AUD 500,000 raising will be directed towards general working capital requirements.

The company will also invest USD 250,000 in New Carbon Processing, LLC. Following this transaction, Carbonxt’s ownership stake in the US entity will increase to 47.4%.

The Convertible Note funding provides Carbonxt with additional capital to support operational requirements and expand its investment in New Carbon Processing, LLC. The transaction strengthens the company’s equity position in its US-based affiliate.

CG1 shares traded at AUD 0.089 per share on 23 February 2026.

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