Chilwa Minerals Ltd Form 6-K — Oct 2, 2026
Chilwa Minerals closed its US$3.5 million underwritten offering of 625,000 American Depositary Shares with warrants, priced at US$5.60 per ADS and warrant, on October 2, 2026. Each ADS represents 10 ordinary shares, and warrants carry a US$5.60 exercise price and five-year term. The company's ADSs began trading on the Nasdaq Capital Market under ticker CHWM on October 1, 2026, while ordinary shares continue trading on the ASX as CHW. Maxim Group LLC acted as sole book-running manager, with a 45-day over-allotment option partially exercised for 92,000 additional warrants.
Key figures
- Greenshoe
- 92000
- Gross Proceeds
- 3500000
- Offering Price
- 5.6
- Shares Offered
- 625000
- Ads Ratio
- 1 ADS = 10 ordinary shares
- Asx Ticker
- CHW
- Underwriter
- Maxim Group LLC (sole book-running manager)
- Warrant Term
- 5 years, immediately exercisable
- Nasdaq Ticker
- CHWM
- Warrants Offered
- 625000
- Warrant Exercise Price
- US$5.60 per ADS
AI analysis
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