ASX:EDE

2 stories mentioning ASX:EDEUpdated 36d ago

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Eden Innovations Launches Defence-Focused Business Division, Shares Rise 22%

Eden Innovations (ASX:EDE) said it has launched EdenShield, a new business division focused on the commercialization of its technologies for defense, military, and critical infrastructure sectors, according to a Friday Australian bourse filing.The company said the unit will market its EdenCrete range of carbon nanotube (CNT) enhanced concrete admixtures for use in manufacturing ultra-high performance concrete, along with CNT-infused high-strength lightweight plastics and a dual-fuel diesel system for backup power generation.Eden Innovations said EdenShield will also focus on a range of CNT-enriched paints and coatings offering electromagnetic pulse and radiofrequency shielding capabilities, along with a pipeline of next-generation CNT-based polymers, coatings, and radiation-absorbent materials with potential military and aerospace applications.Eden Innovations' shares surged 22% in recent Friday trade.

ASX:EDE

Asia60d ago

Eden Innovations to Raise AU$4 Million via Share Placement; Shares Up 25%

Eden Innovations (ASX:EDE) received firm commitments to raise roughly AU$4.1 million through the placement of 22.5 million shares at AU$0.18 apiece, according to a Friday filing with the Australian bourse.Participants will also receive free attaching options on the basis of one option for every two shares issued under the placement, each exercisable at AU$0.20 and expiring Oct. 15, 2028, subject to shareholder approval, the filing said.Proceeds will be used to advance expansion and new business development, ongoing product commercialization and working capital and offer costs, per the filing.Shares rose 25% in morning trade Friday.

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