Carbonxt Group Ltd (ASX: CG1), a US-focused cleantech company, has restructured the lease of its Black Birch powdered activated carbon (PAC) facility in Georgia, achieving a significant reduction in operating costs. Under the new terms, the lessor will accept share payments—7.86 million shares at AU$0.08 each, representing a 37% premium to the 15-day VWAP—through September 2025. This restructuring lowers monthly lease payments by over 50% and enhances financial flexibility while retaining full operational control. Carbonxt manufactures specialized activated carbon products used in industrial air purification and wastewater treatment. The company also extended its Share Purchase Plan (SPP) deadline to 27 March 2025, allowing shareholders to assess the impact of this strategic development. Managing Director Warren Murphy highlighted the transaction as a strong vote of confidence in Carbonxt’s future growth trajectory. The Black Birch facility has been operational since 2018 under a long-term lease and plays a key role in the company’s expansion strategy.
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