Redflow Limited (AU:RFX) has released an update.
Redflow Limited, an innovator in clean energy storage, has announced a capital raise of up to $13.6 million to fund project deliveries, engineering advancements, scaling up its Thailand manufacturing facility, and exploiting market opportunities. The offer gives existing shareholders priority and includes free attaching options, with the funds also aiding in talks with government agencies for support. Redflow is building on its recent milestones, including government-funded projects and strategic partnerships, positioning it to meet growing global demand for long-duration energy storage solutions.
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