Brief: Photon Energy Announces the 3rd Investment in RayGen
11/04/2025 16:10
April 11 (Reuters) - Photon Energy NV PENP.WA: PARTICIPATES IN RAYGEN SERIES D ROUND PARTICIPATED IN RAYGEN RESOURCES’ SERIES D INVESTMENT ROUND ALONGSIDE EXISTING AND NEW BACKERS COMMITTING A$127 MILLION OF FUNDING TO CLEAN TECHNOLOGY COMPANY PHOTON ENERGY, EQUINOR VENTURES AND AGL ENERGY, ALONGSIDE OTHER EXISTING SHAREHOLDERS, ALSO FOLLOWED UP THEIR PREVIOUS INVESTMENTS PHOTON ENERGY ENTERED INTO STRATEGIC PARTNERSHIP AND MADE MINORITY EQUITY INVESTMENT OF A$2 MILLION IN RAYGEN IN 2020 AFTER THIS LATEST, THIRD INVESTMENT OF A$2 MILLION, CO NOW HOLDS 5.47% STAKE IN RAYGEN ON FULLY DILUTED BASIS Source text: ID:nEM6ywkpCa Further company coverage: PENP.WA (Reporting by Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; 48 58 769 66 00;))
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