New IPOs - Audeara, Arcadia Minerals and Lithium Energy

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Afternoon IPOwatchers!

As mentioned yesterday, here are some big updates to the IPO space for this week.

3 New IPOs have been announced!

First up is Audeara, a hearing health technology company that has developed a hearing profile algorithm used to personalise sound output to the needs of the individual.

Audeara’s technology platform allows customers to enjoy sound personalised for their unique hearing profile, offering a superior sound experience and quality, while promoting the importance of their hearing health.

Audeara is raising $7,000,000 at an issue price of $0.20 per share. The offer opens on the 28th of April and closes on the 5th of May. The shares are expected to list on the 14th of May.

Audeara is raising $7,000,000 at an issue price of $0.20 per share.

Audeara is raising $7,000,000 at an issue price of $0.20 per share.

Next up is Arcadia Minerals, a Guernsey domiciled exploration company created for the purposes of acquiring interests in four exploration projects located in Namibia. Ranked in order of development stage, the projects include:

  • the Swanson Project – prospective for tantalum and lithium;

  • the Kum-Kum Project – prospective for nickel, copper and platinum group elements;

  • the Karibib Project – prospective for copper and gold; and

  • the Bitterwasser Project – prospective for lithium-in-brines and lithium-in-clays.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share. The offer opened on the 12th of April and closes on the 14th of May. The shares are expected to list on the 28th of May.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share.

Lastly is Lithium Energy Limited, an emerging battery minerals company with two exciting exploration and development projects, the Solaroz Lithium Project in Argentina and the Burke Graphite Project in Queensland.

The Company is a spinout company from ASX listed Strike Resources Limited, and holds a 90% interest in the Solaroz Lithium Project (Argentina) and is entitled to acquire a further 23.5% interest in the Burke Graphite Project (Queensland) (to make it a 100% owner) via wholly owned subsidiaries of the Company.

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share. The offer opened on the 7th of April and closes on the 21st of April. The shares are expected to list on the 24th of May.

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share