Kalina Power's successful capital raise

Kalina Power (ASX:KPO) has successfully completed its pro-rata non-renounceable entitlement offer. The offer closed on October 30, 2024, raising $1,011,771.76. Shareholders subscribed for 101,177,176 new shares, demonstrating strong support.

Overview of Kalina Power's capital raise

Kalina Power (ASX:KPO) has successfully concluded its entitlement offer, raising over $1 million. The offer allowed shareholders to purchase new shares at $0.01 each, with a free attaching option for every two shares bought for every 24 shares held. The offer saw significant shareholder participation with 101,177,176 shares subscribed, highlighting investor confidence. The offer was fully underwritten, and a shortfall of approximately $206,848 will be managed by underwriters. New shares and options will be issued on November 6, 2024, with trading commencing the following day. This capital raise supports Kalina Power's strategic goals and reflects robust shareholder backing.

Executive insights on entitlement offer

The company wishes to thank all eligible shareholders who participated in the offer. Their support is greatly appreciated and will assist in advancing the company's objectives.