• Entitlement Offer raised approximately $0.81 million
• All Directors participated in the Offer
• Funds will support ongoing customer validation in clean energy and life sciences

AnteoTech Ltd (ASX: ADO) has announced the results of its non-renounceable entitlement offer, which closed on 9 December 2024 and raised a total of approximately $0.81 million. The Entitlement Offer was for one new fully paid ordinary share for each ten existing shares at an issue price of 2.0 cents. In total, 40,530,310 Offer Shares were subscribed for by 430 Eligible Shareholders. All Directors of the company participated in the Entitlement Offer. The Offer Shares will be issued on 16 December 2024, with quotation on the ASX from 17 December 2024. The company stated that the funds raised will enable it to maintain momentum supporting its ongoing customer validation with key customers in the clean energy and life sciences markets. AnteoTech's balance sheet has been further bolstered by the $4.31 million raised from a recent placement and the $2.45 million received during November for the R&D Rebate.

The funds raised from the Entitlement Offer will enable AnteoTech to maintain momentum supporting its ongoing customer validation with key customers in the clean energy and life sciences markets.