GreenHy2 Limited (ASX: $H2G) has confirmed the completion of the partially underwritten pro-rata non-renounceable entitlement offer of 1 new fully paid ordinary share in the Company at an issue price of $0.006 per New Share for every 4 fully paid ordinary shares in the Company held by eligible shareholders at the record date, as announced on 12 April 2024. The Offer closed on Thursday, 2 May 2024, with a total of 119 valid applications for entitlements received, raising approximately $139,210.63.
The board of GreenHy2 wishes to thank all eligible shareholders who participated in the Offer. The funds raised under the Offer will be utilized for general working capital and the costs of the capital raising. The issue of New Shares under the Offer is scheduled to occur today, with those shares expected to commence trading on the ASX on Wednesday, 8 May 2024. New Shares issued under the Offer will rank equally in all respects with existing ordinary shares in the Company on issue with effect from their date of issue. Eligible shareholders are advised to confirm the actual number of New Shares issued to them before trading in such shares. The sale by any eligible shareholder of New Shares prior to receiving their holding statement is at their own risk.
GreenHy2 Limited (ASX: $H2G) has successfully completed the entitlement offer, raising approximately $139,210.63. The funds raised will be utilized for general working capital and the costs of the capital raising. New Shares issued under the Offer will commence trading on the ASX on Wednesday, 8 May 2024, and will rank equally with existing ordinary shares. The company expresses gratitude to all eligible shareholders who participated in the Offer. GreenHy2 Limited, established in 2011, specializes in engineering solutions for renewable energy, particularly in Solid State Hydrogen Storage for use in fuel cells and as hydrogen gas, aiming to contribute to the reduction of the collective carbon footprint.