ASTA Energy Solutions shareholders announce 500,000 share placement

Major shareholders of ASTA Energy Solutions, ETV Montana Tech Holding and Makra, have announced a placement of up to 500,000 existing shares to institutional investors. This transaction represents approximately 3.5 percent of the company's share capital and is being conducted through an accelerated bookbuilding process.

According to the majority shareholders, the placement is intended to address ongoing demand from professional investors for a higher free float and improved trading liquidity for the copper specialist's shares. Following the announcement, ASTA Energy Solutions stock experienced downward pressure in after-hours trading, falling approximately five percent on the Tradegate platform compared to the Xetra closing price.