1414 Degrees Resumes Trading, Issues 35.7M Shares to Lind, Awaits Shareholder Nod for More
1414 Degrees has returned to trading after issuing 35.7 million shares to US investor Lind Global Fund II, with approval for an additional 14.3 million shares pending at the upcoming AGM.
- Trading resumes on 25 September 2025
- 35.7 million shares issued to Lind Global Fund II without shareholder approval
- 14.3 million additional shares require shareholder approval at November AGM
- Funding tied to strategic partnership with New York-based Lind Partners
- Company highlights ongoing industrial decarbonisation projects including Aurora Energy Project
Return to Trading and Share Issuance
After a period of suspension, 1414 Degrees Ltd has resumed trading on the ASX as of 25 September 2025. This follows the company’s compliance with its funding arrangements involving a significant US institutional investor, Lind Global Fund II, LP. The company issued 35,725,278 shares to Lind, the maximum number allowed under the existing Share Subscription Agreement without requiring shareholder approval.
Pending Shareholder Approval for Additional Shares
While the initial tranche of shares has been issued, 1414 Degrees still needs shareholder approval to issue the remaining 14,274,722 shares requested by Lind. This approval will be sought at the company’s Annual General Meeting scheduled for 19 November 2025. The outcome of this vote will be pivotal in determining the full extent of Lind’s investment and the company’s capital structure moving forward.
Strategic Partnership and Funding Implications
The funding arrangement with Lind, managed by New York-based The Lind Partners, represents a critical component of 1414 Degrees’ growth strategy. The capital injection supports the company’s ongoing development and commercialisation of its silicon-based industrial decarbonisation technologies. This partnership underscores investor confidence in 1414 Degrees’ innovative approach to aligning renewable energy supply with industrial demand.
Technology and Project Highlights
1414 Degrees continues to advance its core technologies, including SiBrick®, SiBox®, and SiPHyR™, which collectively aim to revolutionise thermal energy storage and low-emission hydrogen production. The company’s Aurora Energy Project near Port Augusta remains a flagship initiative, providing a platform to pilot large-scale commercial applications of its SiBox technology. These developments position 1414 Degrees at the forefront of the industrial decarbonisation sector.
Looking Ahead
With trading resumed and a substantial share issuance underway, 1414 Degrees is entering a critical phase. The upcoming shareholder vote will be closely watched as it will determine the company’s ability to fully capitalise on its funding agreement with Lind. Success here could accelerate project timelines and bolster the company’s market position in renewable energy solutions.
Bottom Line?
The shareholder vote in November will be a decisive moment for 1414 Degrees’ funding and future growth trajectory.
Questions in the middle?
- Will shareholders approve the issuance of the remaining 14.3 million shares to Lind?
- How will the additional capital impact 1414 Degrees’ project development timelines?
- What are the potential dilution effects on existing shareholders following the full share issuance?
