How will AEC use the proceeds of the Private Placement?

How will AEC use the proceeds of the Private Placement?

The Company intends to use its share of the Primary Portion Proceeds, less its portion of the Offering Expenses and Listing Expenses, for:

- 80-90% of the proceeds for reducingThe proceeds will partially be used for reducing part of the Group’s indebtedness and fund the Group’s growth strategy.

- And a lesser part of the proceeds will be used 10-20% of the proceeds for general corporate purposes.

The proceeds from the Secondary Offering will be received by the Selling Shareholders.

Krunal Hirpara2025-11-08T08:13:09+00:0023 Oct 25|FAQs|