Li-S Energy lodges prospectus for $544 million float
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Lithium-sulphur battery play Li-S Energy is understood to have most of the $34 million it is raising as part of a $544 million float locked away.
Brent Potts’ Blue Ocean Equities has been busy in the background in the last few weeks drumming up support for the ASX aspirant.
There’s a race to find the battery combination to take over from Lithium-ion. Li-S Energy reckons it has a strong contender.
Bloomberg
On Wednesday the business, which is a joint venture between Deakin University and Ppk Group, lodged its prospectus with ASIC.
Headed by CEO Dr Lee Finniear, the business wants to create the next generation of batteries, harnessing the power of lithium-sulphur. Previously lithium sulphur has been too volatile for battery and electronic product makers, but it is a potentially much stronger and longer-lasting combination for a battery than lithium-ion.
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