Carbonxt Completes Share Purchase Plan to Fund Kentucky Expansion

Sydney, Australia – Carbonxt Group Ltd (ASX: CG1) has successfully concluded its Share Purchase Plan (SPP), raising a total of A$739,000 from existing shareholders. The offer allowed eligible shareholders to subscribe for up to A$30,000 worth of shares at an issue price of A$0.06 per share.

The SPP was underwritten to A$1 million by two major shareholders, Phelbe Pty Ltd and Chaleyer Holdings Pty Ltd, who have now subscribed for the A$261,000 shortfall, ensuring the full amount is secured.

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Carbonxt Accelerates U.S. Expansion with Kentucky Facility Nearing Completion

Carbonxt Group Limited (ASX: CG1) is making significant strides in the U.S. cleantech sector, as highlighted in its March 2025 Quarterly Activities Report. The company's Kentucky activated carbon facility is in the final stages of commissioning, with commercial production expected to commence soon. The Kentucky plant has achieved mechanical completion, with final electrical and insulation work underway.

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