NEO Battery Materials Ltd. (NBMFF.PK), Tuesday announced the decision to upsize its previously announced non-brokered private placement for aggregate gross proceeds to approximately $5.5 million.
The decision was taken due to strong demand from institutional and strategic investors, the company added.
The offering is expected to close on or around September 25, 2025.
Concurrently, the company has appointed 4-Star Admiral Seung-Sub Shim and 2-Star Major General Geun-Young Choi as Strategic Defense Advisors.
Currently, NEO's stock is moving down 12.45 percent, to $0.44 on the OTC Markets.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.