EPX Limited has successfully completed a $2.14 million private placement to institutional investors, positioning itself to acquire Wattwatchers Pty Limited and invest in new technology initiatives. An upcoming Share Purchase Plan will offer existing shareholders further participation opportunities.
- Completed $2.14 million private placement at $0.25 per share
- Funds earmarked for Wattwatchers acquisition and technology investment
- Placement supported by new and existing institutional investors
- Share Purchase Plan to raise up to $700,000 for eligible shareholders
- Pac Partners acted as lead broker with tiered fees on funds raised
Capital Raise Completed
EPX Limited (ASX, EPX) has announced the completion of a $2.14 million private placement, issuing 8.57 million new shares at 25 cents each to a mix of new and existing institutional investors. This capital injection is a strategic move to support the company’s growth ambitions, particularly the planned acquisition of Wattwatchers Pty Limited, a firm currently under a Deed of Company Arrangement.
Strategic Acquisition and Growth Plans
The funds raised will not only facilitate the Wattwatchers acquisition but also bolster EPX’s investment in its proprietary EDGE cloud platform technology and general working capital. EPX’s EDGE platform is a leading data-as-a-service solution that optimizes building performance by analyzing billions of data points annually to reduce energy consumption and greenhouse gas emissions. The acquisition is expected to complement EPX’s existing capabilities and expand its footprint in the building performance and energy efficiency sector.
Share Purchase Plan to Follow
In addition to the placement, EPX is launching a Share Purchase Plan (SPP) aimed at raising up to $700,000 from eligible existing shareholders. The SPP will offer shares at the same price as the placement, providing retail investors an opportunity to participate in the company’s growth trajectory. The offer booklet is scheduled for release on 29 December 2025, with participation capped at $30,000 per shareholder.
Governance and Market Implications
Pac Partners acted as the lead broker for the placement, earning fees based on the source of funds raised. Notably, neither directors nor related parties participated in the placement, aligning with ASX listing rules and maintaining governance integrity. The capital raise and acquisition plans signal EPX’s commitment to scaling its technology platform and market presence amid growing demand for energy efficiency solutions in commercial real estate.
Looking Ahead
As EPX integrates Wattwatchers and deploys new technology investments, the market will be watching closely for operational synergies and financial impacts. The success of the upcoming SPP will also be a key indicator of shareholder confidence in EPX’s strategic direction.
Bottom Line?
EPX’s capital raise sets the stage for transformative growth, but execution risks around the Wattwatchers acquisition remain to be seen.
Questions in the middle?
- What are the detailed terms and timeline for the Wattwatchers acquisition?
- How will the acquisition impact EPX’s financial performance and margins?
- What level of shareholder participation will the upcoming SPP achieve?