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Babylon launches $12.7 million rights issue to recapitalise and fund growth
7:05pm on Tuesday 21st of July, 2026 AEST
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Industrial Services
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Babylon launches $12.7 million rights issue to recapitalise and fund growth
7:05pm on Tuesday 21st of July, 2026 AEST
Key Points
Partially underwritten $12.7 million rights issue at $0.05 per share
Minimum subscription of $7.27 million to repay NAB debt and convert short-term debt to equity
Funds above minimum to support fleet expansion and asset refurbishment
Convertible loans raised to cover short-term working capital needs
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Babylon Pump & Power (ASX:BPP)
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