EP&T Global's strategic funding success

EP&T Global (ASX:EPX) has successfully raised $1.0 million through a private placement. This involved issuing 50 million new shares at $0.020 each, a premium over the recent closing price. The funds will boost sales growth of their EDGE Industrial product following the Coda Cloud acquisition.

EP&T Global's future outlook

EP&T Global has raised $1.0 million through a private placement to accelerate the rollout of EDGE Industrial, a product enhanced by the Coda Cloud acquisition. The placement, priced at a premium, saw significant investment from the Australian Ethical Emerging Companies Fund. EP&T Global aims to expand its market presence as a leading provider of building efficiency solutions, leveraging its EDGE Intelligent System. The company strategically used its existing capacity under ASX rules, ensuring compliance with corporate governance standards. This funding supports their ambition to enhance energy efficiency solutions globally.

Executive insights on the placement

We are grateful to the Australian Ethical Emerging Companies Fund and our institutional shareholders for their support. This placement is significant in helping us achieve our strategic goals.