Graphene Manufacturing Group Ltd. Announces Upsize of Bought Deal Public Offering for Gross Proceeds of C$6 Million

Core Viewpoint - Graphene Manufacturing Group Ltd. has announced an increase in its bought deal public offering from approximately C$5 million to C$6 million due to strong investor demand [1][4]. Offering Details - The upsized offering will consist of 6,666,667 units priced at C$0.90 per unit, each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at a price of C$1.35 within 36 months after the closing date [2]. Underwriter and Over-Allotment Option - Red Cloud Securities Inc. is the sole underwriter and bookrunner for the offering [1]. - An over-allotment option has been granted to the underwriter, allowing the purchase of additional units up to 15% of the total sold, exercisable within 30 days post-closing [3]. Use of Proceeds - The net proceeds from the offering will be allocated to ongoing operations, including commercial development, product development, and working capital [4]. Regulatory and Closing Information - The offering is expected to close around September 3, 2025, pending necessary regulatory approvals [6]. - The company will file a prospectus supplement in connection with the offering, which will provide detailed information about the company and the offering [4][5]. Company Overview - Graphene Manufacturing Group Ltd. is an Australian clean-technology company focused on developing energy-saving and energy storage solutions using graphene produced through an in-house process [9]. - The company aims to de-risk and develop commercial scale-up capabilities while securing market applications for its products [10]. Product Focus - The company is currently focused on graphene-enhanced heating, ventilation, and air conditioning (HVAC-R) coatings and graphene lubricant additives for diesel engines [10]. - In the energy storage segment, GMG collaborates with the University of Queensland to develop graphene aluminium-ion batteries and improve lithium-ion battery performance [11].