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Red Sky Energy Launches Fully Underwritten $4.2M Rights Issue with Cost Reduction Measures

9:10am on Friday 10th of April, 2026 AEST Energy
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Red Sky Energy Launches Fully Underwritten $4.2M Rights Issue with Cost Reduction Measures

9:10am on Friday 10th of April, 2026 AEST
Key Points
  • Rights issue fully underwritten by CPS Capital Group
  • Related parties Andrew Knox and Adrien Wing sub-underwrite $1 million
  • Non-renounceable 2-for-3 entitlement offer priced at $0.001 per share
  • Board implements 25% fee and salary reductions for Managing Director and Directors
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