ClearVue Share Purchase Plan closes oversubscribed
| Stock | Clearvue Technologies Ltd (CPV.ASX) |
|---|---|
| Release Time | 21 Jul 2026, 8:32 a.m. |
| Price Sensitive | Yes |
ClearVue Technologies Ltd Share Purchase Plan Closes Oversubscribed
- ClearVue Technologies Ltd Share Purchase Plan closed oversubscribed
- Raised a total of $1,291,000, surpassing initial target of $1 million
- Shares issued at $0.088 each, with additional free attaching options
- CEO expresses gratitude for shareholder support and confidence in company
ClearVue Technologies Ltd, an Australian technology company specializing in solar technology integration into building facades, has successfully closed its Share Purchase Plan (SPP). The SPP, which was oversubscribed beyond the initial target of $1 million, raised a total of $1,291,000. The shares were issued at $0.088 each, which is the lower of $0.115 per share or a 2.5% discount to the VWAP of shares traded on the ASX over the five trading days up to the closing date of the SPP. Recipients of shares under the SPP will also receive a 1-for-1 free attaching option with an exercise price of $0.115, expiring three years from their date of issue. The Company issued 14,670,426 shares and will issue the 14,670,426 free attaching options at a later date following shareholder approval.
Raised $1,291,000 surpassing initial target of $1 million
ClearVue Technologies Ltd is focused on executing its growing global project pipeline, advancing product certification, and delivering long-term value for its shareholders.