Janus Electric Holdings Ltd (ASX:JNS) has attracted institutional and offshore investor support to raise A$4.5 million before costs through a private placement, with funds to accelerate its growth strategy and scale operations across key markets.
The company will issue 26,450,000 new fully paid ordinary shares at A$0.17 per share, representing a 17.1% discount to its last traded price of A$0.205 on May 4, 2026. The issue price also reflects discounts of 12.8% and 11.9% to the 5-day and 15-day volume weighted average prices, respectively.
The placement drew support from a mix of new and existing institutional investors, as well as family offices and high-net-worth investors across Australia, New Zealand, Hong Kong and Singapore.
Shares issued under the placement will rank equally with existing shares and will be completed in a single tranche using the company’s available capacity under ASX Listing Rules 7.1 and 7.1A. The raise was not underwritten.
“We are delighted by the support received for the placement with bids far exceeding our capacity. The placement provides Janus Electric with additional capital to support the next stage of the company’s growth strategy, and we are excited to partner with such a high-calibre of funds and investors on the next leg of the business’s scale," Janus Electric CEO and managing director Ben Hutt said.
"The funding will assist Janus Electric as we continue to progress customer deployments, expand our dealer-led conversion model, secure battery supply and build the systems and capabilities required to scale.
"We thank existing shareholders for their continued support and welcome new investors to the register as Janus Electric continues to build its position as an Australian technology company focused on zero-emission heavy transport.”
Funds to drive battery supply, inventory and international growth
Proceeds from the raise will be directed toward several operational and strategic priorities as Janus Electric looks to expand its zero-emission transport offering.
A key focus will be activating battery supply, alongside funding inventory for trucks currently in production and manufacturing of conversion kits. The company also plans to invest in building out its sales capability, including hiring across Australia, New Zealand, the United States and Canada.
In North America, funds will support certification processes for Janus Charge & Change Stations and battery systems, a step seen as critical to unlocking growth in those markets.
The company will also allocate capital toward working capital requirements and upgrading internal processes and systems to support scaling.
Fees, approvals and timetable
Lynx Advisors Pty Ltd acted as lead manager to the placement and will receive a 6% fee on gross proceeds. The firm will also subscribe for A$150,000 in shares on the same terms as the placement.
Janus intends to seek shareholder approval for the issue of A$250,000 in shares to related parties Tony Fay and Peter Koller, as well as the grant of 1,000,000 options to Lynx Advisors with a A$0.30 exercise price and three-year expiry.
Separately, corporate advisor Spark Plus Pte Ltd is entitled to receive A$50,000 in shares, subject to available placement capacity.
Settlement of the placement is expected on May 15, 2026, with allotment and normal trading of the new shares scheduled for May 18, 2026.