Peninsula Energy raises A$21.8 million in underwritten institutional placement at A$0.35/share
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Penumbra, Inc. PEN | 0.00 |
- Peninsula Energy completed the institutional component of a fully underwritten A$36.1 million equity raising, securing A$29.2 million before costs through an A$21.8 million institutional placement and an A$7.3 million institutional entitlement offer.
- Shares were priced at A$0.35, with 80,900,000 new shares scheduled for allotment on May 25.
- Soul Patts subscribed for A$10.4 million in the institutional raising, with a further A$4 million sub-underwriting commitment for the retail entitlement offer.
- The retail entitlement offer targets A$6.9 million before costs, opening May 21 and closing June 4.
- The equity raising was announced alongside a binding commitment for a US$30 million senior secured convertible note debt facility with an affiliate of Soul Patts.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peninsula Energy Limited published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.
