Green360 Technologies Limited (ASX:GT3) has secured firm commitments to raise A$4 million before costs through a placement of approximately 181.8 million new fully paid ordinary shares at A$0.022 each.
The money will go towards advancing the company’s growth and commercialisation initiatives, with a strong focus on its proprietary low-carbon cement technologies.
1. Commercialisation of low-carbon cement formulations
Capital will be used to progress the development, production scale-up, certification and market readiness of Green360’s green cement products, alongside efforts to secure strategic commercial partnerships.
2. Pittong Kaolin operations — working capital and expansion
Funds will support the supply chain build-out for metakaolin production at Pittong, sales growth and a financial study for phase two expansion at Trawalla. Plans also include boosting processing capacity and improving operational efficiency to meet increasing demand.
3. Product trials and customer engagement
The company will deploy funding to conduct targeted trials with key industry participants and accelerate engagement initiatives aimed at securing early adoption of its environmentally sustainable cement solutions.
4. General working capital
The balance will be allocated to general corporate purposes, including working capital requirements and costs associated with executing the placement.
“We are very pleased to have successfully completed this $4 million placement, which marks a positive step forward in our journey to commercialise our low-carbon cement formulations. The strong interest we received reflects the growing market demand for sustainable construction solutions and the confidence in the unique value our technology offers," executive chairman Aaron Banks said.
“We are seeing increasing engagement from both existing and new customers who are actively seeking more environmentally responsible building materials that do not compromise on performance or cost-effectiveness. Our product is not only better for the planet, it also delivers tangible benefits for our customers, including reduced emissions, improved sustainability credentials, and alignment with evolving regulatory and industry standards.
“I would like to sincerely thank our existing and new institutional and sophisticated investors for their support and belief in our vision. Their backing provides us with the capital and momentum needed to scale our commercial operations, accelerate customer adoption, commence revenues, and continue delivering a product that is both good for business and good for the environment.”
Placement details
Green360 will issue approximately 181,818,181 fully paid ordinary shares to existing and new institutional and sophisticated investors at A$0.022 per share, raising A$4 million before costs.
The placement price represents a 24% discount to the company’s 10-day volume-weighted average price (VWAP), a 21% discount to the 5-day VWAP, and a 31% discount to the last closing price.
A total of 146,909,090 shares will be issued under the company’s Listing Rule 7.1 placement capacity (Tranche 1). The remaining 34,909,091 shares are to be issued to a single institutional investor, subject to shareholder approval. A general meeting to approve this tranche is expected to be held in late September 2025, with further details to be announced.
CPS Capital acted as lead manager to the placement. Settlement of Tranche 1 shares is scheduled for Friday, August 15, 2025, with allotment expected on or around Monday,August 18, 2025.
Shares subject to shareholder approval are anticipated to be issued in late September 2025.