Kalina Power (ASX: $KPO) Completes Non-Renounceable Entitlement Offer Shortfall

Kalina Power Limited (ASX: $KPO) has successfully completed the non-renounceable entitlement offer shortfall, raising funds of $1,216,827 through the issue of 304,206,784 shortfall shares at an issue price of $0.004 per share to the underwriters pursuant to the underwriting agreement.

Executive Commentary on Completion of Non-Renounceable Entitlement Offer Shortfall

The completion of the non-renounceable entitlement offer shortfall marks a significant milestone for Kalina Power. We are pleased with the successful raising of funds, which reflects the confidence of our underwriters in the Company's prospects. This capital injection will support our ongoing initiatives and strategic plans, positioning us for future growth and development.

Summary of Non-Renounceable Entitlement Offer Shortfall Completion

Kalina Power (ASX: $KPO) has successfully completed the non-renounceable entitlement offer shortfall, raising $1,216,827 through the issue of 304,206,784 shortfall shares at an issue price of $0.004 per share. The completion of this offer demonstrates the Company's ability to secure necessary funding and underlines the support and confidence of the underwriters in Kalina Power's future. This additional capital will be instrumental in driving the Company's strategic initiatives and expansion plans, paving the way for sustained growth and progress in the foreseeable future.