EP&T Global Initiates AU$2.3 million Capital Raising Amidst Growth Plans

EP&T Global Limited (ASX: EPX) has announced a capital raising initiative at AU$0.02 per share, aiming to secure approximately AU$2.3 million. The plan encompasses a placement for institutional investors and a 1-for-5.95 pro-rata accelerated non-renounceable entitlement offer. Notably, the company has received non-binding commitments exceeding AU$1.77 million, indicating strong support.

The raised funds will fuel revenue growth, focusing on near-term opportunities and implementing a sales growth strategy. EPX's CFO, Patrick Harsas, highlighted the transformative achievements, including achieving operating cash flow breakeven and projecting AU$16.0 million to AU$17.0 million in Annual Contracted Value for FY24. The capital infusion will facilitate the installation of new ACV and sourcing additional sales opportunities, underscoring EP&T's commitment to sustained growth.

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