$753,000 in Firm Commitments Secured
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| Stock | Altamin Ltd (AZI.ASX) |
|---|---|
| Release Time | 9 Dec 2025, 2:16 p.m. |
| Price Sensitive | Yes |
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Altamin Ltd secures $753,000 in firm commitments
Key Points
- Altamin raises $753,000 via placement of 30,120,000 shares
- Placement participants include UK and Australian sophisticated investors
- Altamin reserves right to place remaining 52,894,441 shortfall shares
Full Summary
Altamin Limited (ASX: AZI) has secured firm commitments to raise up to $753,000 via a placement of up to 30,120,000 fully paid ordinary shares at $0.025 per share. This represents a portion of the shortfall under the entitlement offer announced by the company on 22 September 2025. Participants in the placement include sophisticated and professional investors from the UK and Australia, including former institutional fund managers and an existing top 10 Altamin shareholder. Altamin continues to reserve the right to place the remaining shortfall securities of 52,894,441 shares. Settlement of the current firm commitments and placement of any additional shortfall securities is expected to be completed by 24 December 2025.
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