Babylon Pump & Power Ltd Announces Rights Issue Prospectus
Key points
- Babylon Pump & Power Ltd plans a rights issue to raise up to $12.7 million
- Eligible shareholders can subscribe for new shares at $0.05 per share
- The offer is partially underwritten by Leeuwin Wealth
- The offer is conditional on shareholder approval at a meeting on 21 August 2026
- The offer closes on 24 August 2026
Full summary
Babylon Pump & Power Limited (ACN 009 436 908) is conducting a partially underwritten pro-rata non-renounceable rights offer to raise up to approximately $12.7 million. Eligible shareholders can subscribe for up to 253,919,074 new shares at an issue price of $0.05 per share. The offer is partially underwritten by Leeuwin Wealth to the value of $7.27 million and requires shareholder approval at a meeting on 21 August 2026. If approved, the offer will close on 24 August 2026. The offer is conditional on a minimum subscription of 145.4 million shares. The prospectus includes detailed information on the offer, risks, and other relevant details.
Guidance
Babylon Pump & Power Ltd aims to raise up to $12.7 million through a rights issue.
Outlook
The company expects to raise up to $12.7 million through the rights issue, subject to shareholder approval.
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