Merdeka Battery Materials Proposes Private Placement of Up to 10,799,541,990 Shares

PUBT · 3d ago
Merdeka Battery Materials Proposes Private Placement of Up to 10,799,541,990 Shares
  • Merdeka Battery Materials seeks independent shareholder approval on December 8, 2026, for a capital increase without preemptive rights.
  • The proposal allows issuance of up to 10,799,541,990 shares, representing 10% of existing capital, with maximum ownership dilution of 9.09%.
  • Issuance must occur within two years of approval, priced at least 90% of the preceding 25 trading days' average closing price.
  • Proceeds would fund business development and working capital, with an indicative 25% allocation to working capital.
  • The boards of directors and commissioners consider the proposal one of the best options for the company and shareholders.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Merdeka Battery Materials Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32170753) on October 30, 2026, and is solely responsible for the information contained therein.