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Fluence successfully raises A$36.0 million to underpin growth

About the entity

With more than 7,000 references across 70 countries, Fluence is committed to becoming the worldwide leader in decentralized water and wastewater treatment solutions


  • Fluence successfully raises $36.0 million to underpin growth
  • Successful capital raise of A$36.0 million at a price per share of A$0.44 from sophisticated and professional investors.
  • Given the strong level of demand, Fluence has accepted 20% oversubscriptions to the indicative transaction size of $30.0 million.
  • Share Purchase Plan to raise up to an additional A$6 million.
  • Net proceeds primarily to fund continued expansion.

Fluence Corporation Limited has announced the successful capital raise of A$36.0 million through a placement of approximately 81.8 million of the Company’s ordinary shares to sophisticated and professional institutional investors at an issue price of A$0.44 per share (the Placement). Net proceeds from the Placement will be used to fund continued expansion in China for MABR sales, bolster geographic expansion, CES projects guarantees, optimize the business’ cost structure, as well as for general corporate purposes.

The Company is also offering a Share Purchase Plan (SPP) to eligible shareholders, being a registered holder of shares as at 7.00pm (Melbourne time) on 15 October 2019 (the Record Date) whose address as recorded in FLC’s register of members is in Australia, at the same A$0.44 per share price as the Placement, to raise up to a further A$6 million before costs. Any additional proceeds raised from the SPP will be applied to further growth working capital.

Evans Dixon Corporate Advisory Pty Limited and Petra Capital Pty Ltd acted as Joint Lead Managers and Bookrunners to the Placement.

Henry Charrabé, Managing Director and CEO of Fluence, said: “We are very appreciative of the continued support we have received from existing investors and are pleased to welcome more than a dozen new Australian institutional investors to the register.

"A substantial portion of the capital raised by the Placement will fund the increases in assembly capacity and working capital necessary to drive future growth related to the three significant partnerships announced in China for our proprietary MABR products. Additionally, we are encouraged by demand for our pre-engineered Smart Products Solutions in other geographies and will use a portion of the proceeds for expansion of our sales efforts in target markets. We believe the water and wastewater treatment market has reached an inflection point of accepting our decentralized solutions and that now is the right time to capitalize on this momentum by fortifying the balance sheet and accelerating execution of the strategic vision. The successful outcome of this Placement will benefit Fluence in further strengthening its leadership position in the decentralized water and wastewater segment around the world.”

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