Buru Energy Sets Share Price at 2 Cents, Extends SPP Deadline
Buru Energy has extended the closing date for its Share Purchase Plan to October 7, giving eligible shareholders more time to invest at 2 cents per share. The move includes an option to apply for attaching options, signaling confidence from company leadership.
- SPP closing date extended to 7 October 2025
- Shares offered at 2.0 cents each with no brokerage fees
- Eligible shareholders can apply for up to $30,000 worth of shares
- Attaching options exercisable at 3 cents offered subject to approval
- Chair and CEO participating in the Share Purchase Plan
Extension of Share Purchase Plan
Buru Energy Limited has announced an extension to the closing date of its Share Purchase Plan (SPP), now set for 5 – 00pm Sydney time on Tuesday, 7 October 2025. This extension provides eligible shareholders with additional time to consider their participation in the capital raising initiative, which aims to strengthen the company’s equity base.
Details of the Offer
Under the SPP, eligible shareholders can subscribe for new fully paid ordinary shares at an issue price of 2.0 cents per share, with the ability to apply for up to $30,000 worth of shares without incurring brokerage fees. This price point reflects Buru Energy’s current valuation strategy amid ongoing developments in the energy sector.
In addition to the shares, participants will have the opportunity, subject to shareholder approval, to apply for attaching options at no additional cost. These options will be exercisable at 3 cents each and will expire two years from the date of issue, offering potential upside if the company’s share price appreciates.
Leadership Participation and Market Signal
Notably, both the Chair of the Board and Chief Executive Officer, Thomas Z Nador, have confirmed their participation in the SPP. Their involvement sends a strong signal of confidence in the company’s prospects and the value proposition of the offer. Leadership participation often encourages broader shareholder engagement and can positively influence market perception.
Implications for Shareholders and the Company
The extension of the SPP closing date suggests that Buru Energy is keen to maximize shareholder uptake, potentially to support upcoming operational or strategic initiatives. While the announcement does not specify the total amount expected to be raised, the capital injection will likely provide the company with greater financial flexibility as it navigates the evolving energy landscape.
Shareholders are encouraged to act promptly, as the company retains the right to vary dates and times of the offer without notice. The final results of the SPP are expected to be announced on 10 October 2025, with new shares issued shortly thereafter.
Bottom Line?
Buru Energy’s extended SPP deadline underscores its push to solidify funding, setting the stage for critical next steps in its growth journey.
Questions in the middle?
- What is the anticipated total capital raise from the Share Purchase Plan?
- How will the attaching options impact future share dilution and shareholder value?
- What strategic initiatives will the raised capital support in the near term?
