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Tempo Australia Ltd ( (AU:H2G) ) has issued an announcement.
GreenHy2 Limited announced a successful share placement, raising approximately $987,003 by issuing new shares to institutional and sophisticated investors at a 21% discount to the 90-day volume weighted average price. The funds will be used to accelerate the market introduction of their Energy Storage products, particularly new Hybridised Graphene Batteries, alongside existing Hydrogen Energy Storage Products, enhancing the company’s position in the renewable energy sector.
More about Tempo Australia Ltd
GreenHy2 Limited (ASX:H2G) is a leading Australian company specializing in engineering solutions for renewable energy. Established in 2011, GreenHy2 focuses on renewable energy storage technologies, including Graphene-based Hybrid Batteries, Low Pressure and Solid State Hydrogen Storage, Supercapacitor Batteries, Electrolysers, Fuel Cells, and related equipment, along with digital interfaces and maintenance support.
Average Trading Volume: 1,286,173
Technical Sentiment Signal: Sell
Current Market Cap: A$11.37M
Find detailed analytics on H2G stock on TipRanks’ Stock Analysis page.