Senex Holdings Pty Ltd announced that it ill issue 650,000,000 common shares at a price of AUD 1 per share for gross proceeds of AUD 650,000,000 on May 31, 2024. The transaction will include participation from returning investor Posco International Corporation for 325,650,000 shares. The company will issue the shares through shareholder allocation increase method.

The company is expected to close the transaction on June 28, 2024. The transaction has been approved by the board of directors of the investor.