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Babylon Pump & Power Launches $3.5M Entitlement Offer to Fund Acquisition and Growth
2:34am on Monday 2nd of June, 2025 AEST
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Industrial Services
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Babylon Pump & Power Launches $3.5M Entitlement Offer to Fund Acquisition and Growth
2:34am on Monday 2nd of June, 2025 AEST
Key Points
Accelerated non-renounceable entitlement offer to raise $3.5 million
Offer price set at $0.004 per new share on a 7-for-20 basis
Funds to complete acquisition of Matrix Hydro Services Pty Ltd and support working capital
Offer is underwritten and managed by Cumulus Wealth Ltd and Leeuwin Wealth Ltd
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Babylon Pump & Power (ASX:BPP)
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