KALiNA Power Secures AU$1.5 million in Capital Raise, Launches Entitlement Offer

Highlights:

• Successful AU$1.5 million Placement: KALiNA Power Limited (ASX: KPO) has secured AU$1.5 million from professional and institutional investors, strengthening its financial position.
• Entitlement Offer for Shareholders: Eligible shareholders can participate at AU$0.008 per share, with a total expected capital raise of approximately AU$1.04 million.
• Investor Incentives and Strategic Growth: Participants receive one free attaching option for every two shares purchased, exercisable at AU$0.02 within 18 months, supporting the company’s long-term objectives.

Successful Placement Raises AU$1.5 Million

KALiNA Power Limited (ASX: KPO) has successfully raised AU$1.5 million through a placement with professional, sophisticated, and institutional investors. At the time of writing, the company is also initiating a pro rata non-renounceable Entitlement Offer, allowing eligible shareholders to acquire additional shares at AU$0.008 per share. The total expected capital raised, including the Entitlement Offer, is approximately AU$1.04 million.

Incentives for Investors

To encourage participation, investors under both the placement and Entitlement Offer will receive one free attaching option for every two shares purchased. These options are exercisable at AU$0.02 within 18 months, providing an opportunity for shareholders to gain additional value. The placement was managed by BW Equities Pty Ltd, and participation by company directors is subject to shareholder approval.

Funding Growth and Strategic Plans

The funds secured through this capital raise will be allocated to working capital and key strategic initiatives. KALiNA Power aims to strengthen its financial position while advancing its business objectives. The Entitlement Offer will be conducted through a prospectus lodged with the ASX, outlining the offer’s timeline and terms.

Commitment to Shareholders

KALiNA Power remains committed to transparency and shareholder participation throughout the capital-raising process. While the company is optimistic about its future, it acknowledges that forward-looking statements come with inherent risks. Investors are advised to review the offer details carefully before making any commitments.

With this successful capital raise, KALiNA Power is poised to execute its strategic plans while ensuring continued investor engagement.

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