DEL.ASX: Completion of Share Purchase Plan

Completion of Share Purchase Plan

Stock	Delorean Corporation Ltd (DEL.ASX)
Release Time	27 May 2026, 12:59 p.m.
Price Sensitive	Yes

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Delorean Corporation Completes Share Purchase Plan

Key Points

Completed Share Purchase Plan (SPP) on 27 May 2026
Raised $750,000 through SPP
Issued 8,333,405 new fully paid ordinary shares
Trading to commence on 1st June 2026
No immediate plans for further share placements

Full Summary

Delorean Corporation Limited (ASX: DEL) has successfully concluded its Share Purchase Plan (SPP) announced on 30 April 2026. The SPP aimed to provide shareholders with the opportunity to invest in the company by purchasing shares at $0.09 each, the same price as the recent strategic placement to LMS Energy. The total funds raised from the SPP amounted to $750,000, resulting in the issuance of 8,333,405 new fully paid ordinary shares. These new shares are expected to be issued on 29 May 2026, with trading on the ASX commencing on 1 June 2026. The SPP was initially set up with a maximum value of $2.2 million, equivalent to the value of the preceding LMS Energy strategic placement. There are no immediate plans to place additional shares from the difference between the initial target and the actual amount raised.

Guidance

Delorean Corporation raised $750,000 through the SPP, issuing 8,333,405 new shares.

Outlook

Delorean Corporation aims to leverage the funds raised to further its projects in renewable energy and waste management.