Carbonxt Group Ltd (ASX: CG1) (“Carbonxt” or “The Company”) has announced the successful completion of its non-renounceable pro-rata entitlement offer. The initiative, first outlined in August 2025, entitled eligible shareholders to receive one Loyalty Option for every six shares held.
A total of 51,435,682 Loyalty Options will be issued, raising approximately $514,357 before costs. According to Carbonxt, the Loyalty Options are set to be issued by 17 September 2025, with an Appendix 2A to be lodged with the ASX on the same date.
Carbonxt Managing Director, Warren Murphy, said,
“The Loyalty Options reward our supportive shareholders and provide additional funding flexibility as we continue to execute on our growth strategy, including commissioning of the Kentucky JV facility and expansion of our activated carbon product portfolio”.
The entitlement offer recorded a shortfall of 18,341,105 Loyalty Options which will be distributed in accordance with underwriting arrangements, with the issuance expected by 24 September 2025. An Appendix 2A covering this allocation will also be lodged with the ASX.
Market Implications
The global activated carbon market which was valued at USD 4.82 billion in 2024 is projected to reach USD 11.94 billion by 2034, growing at a CAGR of about 9.5% from 2025 to 2034.
Global Activated Carbon Market 2025 – 2034 [ZionMarketResearch]
- Mining, energy, and manufacturing industries in Australia are increasingly adopting cleantech solutions to comply with emission control standards and sustainability commitments.
- Demand is particularly strong in Asia-Pacific due to tightening environmental regulations, industrial growth, and water treatment infrastructure investments.
Carbonxt, as an Australian-listed cleantech company, is positioning itself to benefit from this global trend, particularly with its Kentucky JV facility in the US and its expansion of activated carbon products tailored for industrial air and water purification.
Investor Outlook & Financials
The completion of the entitlement offer highlights a few key points for market watchers:
- The successful raising of $514,357 enhances the company’s financial flexibility as it continues commissioning and product expansion.
- The Kentucky JV and diversification of its activated carbon portfolio indicate a focus on long-term growth drivers in the US and international markets.
Carbonxt Group Market Snapshot
- As of Sep 15, 2025, Carbonxt Group (ASX: CG1) is trading at 0.065 per share with a 52-week range of AUD 0.043 – 0.076.
- The Company’s current market capitalisation stands at approximately AUD 27.2 MILLION.
Final Thoughts
Carbonxt Group’s completion of the entitlement offer marks a positive step in strengthening its capital base while rewarding loyal shareholders. The 51.4 million Loyalty Options provide added flexibility to fund the commissioning of the Kentucky JV facility and to advance the expansion of its activated carbon portfolio. With global demand for activated carbon projected to nearly double by 2032, Carbonxt’s initiatives position it in step with broader cleantech and industrial sustainability trends.
