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Babylon Pump & Power Advances $12.7 Million Capital Raise with Convertible Loans and Rights Issue
6:40pm on Monday 13th of July, 2026 AEST
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Babylon Pump & Power Advances $12.7 Million Capital Raise with Convertible Loans and Rights Issue
6:40pm on Monday 13th of July, 2026 AEST
Key Points
Convertible loans raised from chairman and major shareholder
Rights issue set at two shares per one held at $0.05 each
Rights issue aims to satisfy NAB loan conditions and reduce debt
Blue Hire Vendors to sub-underwrite part of the rights issue
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Babylon Pump & Power (ASX:BPP)
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