EQTEC PLC has successfully completed an equity placement, resulting in the issuance of 35,887,491 new shares to the relevant subscribers. The new shares will rank pari passu with the company's existing shares and are expected to commence trading on AIM on or around 14 June 2024. Following the admission, the company will have 257,610,911 shares in issue, with no shares held in Treasury. This number will be used as the denominator for shareholders to determine their interest in the share capital of the company.
EQTEC PLC is a global technology innovator focusing on waste-to-value solutions for hydrogen, biofuels, and energy generation. The company's technology is designed to address the challenge of replacing fossil fuels for reliable, baseload energy. EQTEC's solutions process various types of feedstock, including forestry waste, agricultural waste, industrial waste, and municipal waste, with no hazardous or toxic emissions. The company's technology produces a high-quality synthesis gas that can be used for electricity and heat generation, renewable natural gas production, biofuels, and hydrogen reforming.
EQTEC's technology integration capabilities enable the company to lead collaborative ecosystems of qualified partners and build sustainable waste reduction and green energy infrastructure worldwide. The company is quoted on AIM and has been awarded the Green Economy Mark by the London Stock Exchange, recognizing its focus on environmental and green solutions.