NEO Battery Closes Book on Fully Subscribed Non-Brokered Private…

Lane

Equity financing

Announced

28 Oct 2025

Province

Ontario

Industry

Unclassified

Status

Announced

What the filing says

NEO Battery Materials Ltd. ("NEO" or the "Company") (TSXV: NBM ) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to announce that the Company has closed the order book on its previously announced non-brokered private placement (the " Offering ") of 9,803,921 units (each, a " Unit ") at a price of $0.51 CAD per Unit for aggregate gross proceeds of approximately $5 million CAD.

Releases (2)

27 Oct 2025 — NEO Battery Announces Non-Brokered Private Placement Offering for Buildout of High-Performance Battery Manufacturing Facilities
28 Oct 2025 — NEO Battery Closes Book on Fully Subscribed Non-Brokered Private Placement Offering

Source

The terms are in the subscriber edition

This transaction carries the consideration.

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NEO Battery Closes Book on Fully Subscribed Non-Brokered Private Placement Offering