Janus Electric Holdings Limited will commence trading 26,450,000 new ordinary shares on May 18, 2026.
The allotment follows a private placement announced on May 6, 2026, to raise A$4.5 million. Investors purchased the new shares at A$0.17 each. This price represents a 17.1% discount to the May 4, 2026, closing price.
The company scheduled the settlement of the placement for May 15, 2026.
Janus Electric will use the capital to accelerate its growth strategy and secure U.S. certifications. The funds also support battery supply, inventory, and expanded sales and marketing efforts.