ClearVue Technologies (ASX: $CPV) capital raising announcement

ClearVue Technologies Limited (ASX: $CPV) has secured firm commitments from institutional, sophisticated, and professional investors to raise approximately $4 million through the issue of approximately 8 million fully paid ordinary shares at an issue price of A$0.50 per Placement Share. The company is also launching a Share Purchase Plan (SPP) to raise up to $2 million, offering eligible shareholders an opportunity to purchase new shares on the same terms as the Placement without incurring any brokerage, transaction, or commission costs.

Executive commentary on capital raising and future plans

ClearVue Chief Executive Officer, Martin Deil, expressed his satisfaction with the response to the capital raising and appreciation for the support from existing and new shareholders. The funds raised will be utilized to complete and finalize testing and certification of the Gen-2 products, leading to anticipated early sales during the second half of the calendar year and accelerating the company's path to commercialization. The board and management have elected to offer loyal shareholders the chance to participate in the capital raise through the Share Purchase Plan, representing a unique opportunity for shareholders to further participate in the company's growth and future success.

Summary of ClearVue Technologies (ASX: $CPV) announcement

ClearVue Technologies Limited (ASX: $CPV) has successfully secured firm commitments from investors to raise approximately $4 million through a placement and has launched a Share Purchase Plan (SPP) to raise up to $2 million. The funds raised will be used to complete and finalize testing and certification of the Gen-2 products, leading to anticipated early sales during the second half of the calendar year. The company's Chief Executive Officer, Martin Deil, emphasized the importance of the capital raise in accelerating the path to commercialization and expressed gratitude towards existing and new shareholders. ClearVue will be well funded to execute its plans and aims to expand its share register footprint with the participation of new institutional, professional, and sophisticated investors. The company's window technology has applications in the building, construction, and agricultural industries, and it is strategically positioned to complement the increased use of energy-efficient windows in response to global climate change and energy efficiency goals.