MNS: Magnis Completes Funding from Investors
MAGNIS ENERGY TECHNOLOGIES LTD
- Magnis has completed funding of A$25 million (with potential for an additional A$25 million) from L1 Capital Global Opportunities Master Fund and Regal Funds Management.
- The funding is structured as an equity-linked pre-paid share subscription facility agreement.
- This will strengthen Magnis' balance sheet and accelerate development of its vertically integrated AAM business.