First Graphene Share Purchase Plan Results

First Graphene Limited (ASX:$FGR) successfully raised A$2,912,936 through its Share Purchase Plan (SPP). The SPP allowed eligible shareholders to subscribe for up to A$30,000 worth of shares at a share price of A$0.064 per share. The company received applications for 45,514,625 shares, with A$222,600 received as a placement from sophisticated investors. The proceeds will be used to accelerate the commercialisation of graphene-enhanced cement and concrete solutions.

Executive Commentary on Share Purchase Plan Results

The successful completion of the Share Purchase Plan demonstrates the confidence and support from our shareholders in the company's strategic direction. The proceeds raised will enable us to expedite the commercialisation of our graphene-enhanced cement and concrete solutions, further strengthening our position as a leading supplier of advanced materials in the global market. We are committed to delivering sustainable and innovative solutions that contribute to reducing carbon dioxide emissions and enhancing product performance across various industries.

Summary of Share Purchase Plan Results

First Graphene Limited (ASX:FGR) has successfully raised A$2,912,936 through its Share Purchase Plan, with strong support from shareholders. The funds will be utilized to accelerate the commercialisation of graphene-enhanced cement and concrete solutions, aligning with the company's focus on providing advanced materials to address global industry needs. This strategic initiative reflects First Graphene's commitment to sustainability and innovation, aiming to reduce carbon dioxide emissions and enhance product performance. The company's robust manufacturing platform and partnerships position it well to meet the growing market demand for high-performance materials.