Janus Electric Holdings Ltd (ASX:JNS) has secured firm commitments for a A$7.68 million private placement, strengthening its balance sheet as it scales customer deployments and infrastructure across North America.
The heavy vehicle electrification company will issue 32 million new shares at A$0.24 each, with the placement receiving strong support from leading Australian small-cap institutional investment funds.
The funding follows a period of growing commercial momentum for Janus Electric, including approximately A$55 million in recently announced orders from customers in the United States and Canada.
Funding supports growth strategy
Proceeds will be directed towards supply chain requirements and working capital, North American infrastructure, customer support and vehicle deliveries.
Janus will also use the funds to support market and product development, joint venture partnerships and the expansion of its sales and corporate support functions.
Chief executive officer and managing director Ben Hutt said the additional capital would support the company’s next stage of growth in North America.
“We are delighted by the support and confidence received through this Placement, with the proceeds providing Janus Electric additional capital to support the next stage of the company’s growth strategy in North America.
“The funding will assist Janus Electric as we progress customer deployments, expand our dealer-led conversion models, secure battery supply and build the systems and capabilities required to scale.”
Placement priced at A$0.24 per share
The issue price represents a 2.04% discount to Janus Electric’s last traded price of A$0.245 on July 22, 2026, a 14.25% discount to its five-day volume-weighted average price and a 10.07% discount to its 15-day volume-weighted average price.
The placement is being completed in a single tranche under the company’s existing ASX placement capacity and is not underwritten.
Settlement is expected on July 29, 2026, with the new shares scheduled to be allotted and commence normal trading on July 30.
Janus Electric has also extended the repayment date of its research and development finance facility with Rockford RDF Pty Ltd from April 30, 2027, to August 31, 2027.