Redflows Strategic Capital Boost

Redflow Limited (ASX: RFX) is launching a capital raise to secure up to AU$13.6 million through a 1-for-2 pro rata non-renounceable entitlement offer of new shares, priced at a 21.7% discount. This offer includes a bonus option for each pair of shares bought, aiming to fuel project deliveries, upscale their Thailand facility, and convert pipeline opportunities.

The focus remains on meeting the soaring demand for long-duration energy storage, driven by global shifts towards renewable solutions and backed by recent successful project bids and government collaborations. Directors will also participate, ensuring alignment with shareholder interests. This strategic move anticipates boosting Redflow’s role in the global energy transition, promising significant revenue impacts by FY25 and supporting ongoing governmental negotiations.

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