Nanoveu Limited (ASX:NVU) Expands Capital Raise with Additional $310,000
Capital Raise Expansion
Nanoveu Limited (ASX:NVU) has secured an additional $310,000 from an existing strategic placement participant, bringing the total capital raised to $3.02 million. This follows previous capital raise announcements on 1 May and 7 May 2025.
Placement and Options Offer
Under the expanded placement, the company will issue 84,516,129 shares and 42,258,064 new options under Listing Rules 7.1 and 7.1A. Additionally, 12,903,226 shares and 6,451,613 new options are to be issued to Executive Chairman Dr David Pevcic, pending shareholder approval. The company has agreed to pay joint lead managers Evolution Capital and 62 Capital a total of $181,200 and 15,100,000 new options for their services.
Impact on Capital Structure
Upon completion, assuming all securities are issued, Nanoveu Limited’s total shares on issue will increase to 803,721,550, and total options on issue will rise to 299,104,934.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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