1414 Degrees has opened a Share Purchase Plan (SPP) Offer, to advance several commercial opportunities to realise near-term cash earning potential.
The SPP opened to Eligible Shareholders today (Friday, 23 August 2024) and will close at 4:30pm ACST on Friday, 13 September 2024.
Eligible shareholders should have received an email about the offer on Friday, 23 August, titled “1414 Degrees Limited Share Purchase Plan”, providing specific details about how to participate.
Funds raised under the SPP are intended to be used for purposes including:
- completing development of the Aurora Energy Precinct’s grid scale 140MW/280MWh Li-ion battery to financial investment decision, including securing connection to the transmission network and national electricity market
- securing a contract for SiBox technology in an industry setting, and mass manufacturing trials for SiBrick
- fast-tracking development and commercialisation of the SiPHyR hydrogen production technology.
Visit the Share Purchase Plan Offer page for further details: www.1414degrees.com.au/spp