Merdeka Battery Materials Proposes Private Placement of Up to 10,799,541,990 Shares
Bitget2026/10/30 13:03- Merdeka Battery Materials seeks independent shareholder approval on December 8, 2026, for a capital increase without preemptive rights.
- The proposal allows issuance of up to 10,799,541,990 shares, representing 10% of existing capital, with maximum ownership dilution of 9.09%.
- Issuance must occur within two years of approval, priced at least 90% of the preceding 25 trading days' average closing price.
- Proceeds would fund business development and working capital, with an indicative 25% allocation to working capital.
- The boards of directors and commissioners consider the proposal one of the best options for the company and shareholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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