Asta Energy Solutions' Majority Shareholders Plan 3.5% Stake Sale

12:46 AM EDT, 09/30/2026 (MT Newswires) -- Asta Energy Solutions' (1AST.F, 1AST.VI) majority shareholders plan to sell up to 500,000 existing Asta shares to institutional investors through an accelerated bookbuilding. The high-precision copper solutions company said Tuesday the placement represents about 3.5% of its share capital and it will not receive any proceeds from the transaction. Selling shareholders ETV Montana Tech Holding and Makra plan to use part of the proceeds to settle a contractual earn-out obligation to the business's former owner Montana Aerospace, triggered by Asta's IPO. They will remain majority shareholders with a combined stake of 51.2%. Once the placement is fully completed, the free float is expected to increase to around 42.9% from 39.4%.