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Carbonxt Group Limited (ASX:CG1)

ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.067 -0.022 (-24.72%)+
Announcement
Release
17 Oct 2025 9:29AM
Price at Release
$0.089
Full Release
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Summary
Carbonxt Group Limited has announced a new funding initiative involving the issuance of Convertible Notes and a Placement of shares. The Convertible Notes, each valued at $1.00, are set to convert into fully paid ordinary shares and come with a free-attaching option. Shareholder approval is required for the issuance of options due to the company's lack of remaining placement capacity. Without shareholder approval, the Convertible Notes' interest rate will rise, and their term will be extended. Additionally, Carbonxt has completed a share placement, raising $600,000, with funds allocated toward working capital and investment in New Carbon Processing, LLC. The placement was offered at a discount to the VWAP of CG1 shares as of October 16, 2025. All securities issued will rank equally with existing shares.
Key Points
  • Carbonxt has secured funding through Convertible Notes and share placement.
  • Convertible Notes have a face value of $1.00, exercising at $0.08, expiring in two years.
  • Each Convertible Note includes a free-attaching option, exercisable at $0.10.
  • Shareholder approval is required for issuing options due to placement capacity limits.
  • Interest rate on Convertible Notes will increase from 9.5% to 20% without approval.
  • Company completed a share placement raising $600,000 at $0.075 per share.
  • Funds will support working capital and increase ownership in New Carbon Processing, LLC.
  • Placement offered at a 10.4% discount to the 5-day VWAP of CG1 shares.
  • All issued securities will rank equally with existing shares.
  • A cleansing notice in accordance with the Corporations Act 2001 will be lodged.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.