Battery Graphene Corp Pty Ltd announced that it has entered into subscription agreement to receive AUD 1 million on January 12, 2023. The transaction will include participation from new investor, ReNu Energy Limited. The company will receive investment in two equal tranches, of AUD 250,000 on January 13, 2023 and April 13, 2023.

The company will also issue 1:1 free attaching options with a total exercise price of AUD 500,000 ? 50% expiring on July 13, 2023 and 50% expiring on October 13, 2023. The investor will hold 20% stake in the company post closing of the transaction.