Announcement of Capital Raising
Released
Released
Announcement PDF
ASX Announcement 8 May 2026
ENERGY TECHNOLOGIES LIMITED – CAPITAL RAISING
Key highlights:
Firm commitments received to raise gross proceeds of $1.96 million via a
placement at $.02
Strong support from existing and new sophisticated and institutional
investors
Proceeds to fund continued capital restructuring of the company by reducing
debt reliance and working capital
Energy Technologies Limited (ASX: EGY or the “Company”), is pleased to announce it has
received firm commitments to raise $1.96 million before costs (the “Placement”).
The Placement of 98,246,500 fully paid ordinary shares at an issue price of $0.02 represents
a 20% discount to the last closing price of $0.025 on 4 May 2026 and was undertaken by way
of a Placement of new shares to existing and new sophisticated and institutional investors.
The capital raising comprised of a Placement of 98,246,500 fully paid ordinary shares to
sophisticated and professional investors. The issue of shares under the Placement is
expected to occur on Tuesday 12 May 2026 and will be made without shareholder approval
using the Company’s existing capacity under ASX Listing Rule 7.1 and ASX Listing Rule
7.1A. Of the 98,246,500 fully paid ordinary shares issued, 74,992,883 ordinary shares will be
issued under ASX Listing Rule 7.1. The balance of 23,253,617 ordinary shares will be issued
under ASX Listing Rule 7.1A.
The company will have 598,199,059 fully paid shares on issue following the settlement of the
Placement.
The funds raised from the Placement will be applied to:
- general working capital to fund continued capital restructuring of the company by reducing
debt reliance; and
- costs of the capital raising.
The company would like to thank the support of existing shareholders, Shaw and Partners,
Powerhouse Ventures and Equitable Investors.
– END –
About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) specialises in energy technology. It provides solutions for
industries and companies on efficiencies, usage and development for electricity and renewables. Its operations
include Bambach Wires and Cables (100% subsidiary) specializing in low voltage copper cables and renewable
energy solutions, Dulhunty Engineering (51% subsidiary), specializing in fiber distribution and Cogenic (100%
subsidiary), specializing in Laser Optical Engineering.
Learn more about Energy Technologies at website www.energytechnologies.com.au.
For more information, please contact:
General enquiries
Mr. Anthony Smith
tony.smith@energytechnologies.com.au
This announcement is authorised by Energy Technologies Limited’s Board of Directors
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