InvestSMART

ClearVue Technologies Limited (ASX:CPV)

ALERT: Price-sensitive ASX Announcement for CPV
Current share price for CPV : $0.086 -0.039 (-31.20%)+
Announcement
Release
30 Jun 2025 9:52AM
Price at Release
$0.125
Full Release
download
Summary
ClearVue Technologies Limited announced a $337,000 capital raise through an At-The-Market (ATM) facility, alongside securing a $409,000 loan. The ATM raise was conducted to provide working capital, and shares were issued to institutional and sophisticated investors at a price determined through the ATM program. The $409,000 secured loan was provided by an unrelated lender, carrying an interest rate and terms outlined in the announcement. The company provided disclosures according to regulatory requirements and detailed the rationale for the raise, emphasizing the importance of maintaining adequate cash reserves for ongoing business operations and growth initiatives.
Key Points
  • ClearVue Technologies Limited raised $337,000 via an At-The-Market (ATM) facility.
  • The ATM raise involved issuing shares to institutional and sophisticated investors.
  • A $409,000 secured loan was also obtained from an unrelated third-party lender.
  • Funds raised are to be used for working capital and ongoing business needs.
  • Shares were issued at a price determined by the ATM facility rules.
  • Loan terms, including interest rate and security, were disclosed in the announcement.
  • Regulatory disclosures and compliance were addressed in the announcement.
  • The company highlighted the importance of maintaining adequate cash reserves.
  • The announcement was dated 6 June 2024.
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.