Green360 Technologies (ASX:GT3) has completed a single-tranche placement, raising $4.5 million to fast-track its sustainable construction initiatives.
The capital raise, which was oversubscribed, saw the company upsize the offer from an initial $3 million target due to demand from a mix of new institutional investors and existing long-term shareholders.
Under the terms of the placement, Green360 issued approximately 112.5 million new fully paid ordinary shares at a fixed price of $0.04 per share.
The capital injection is primarily earmarked for the commercialisation of Eco-Clay, the company's flagship low-carbon cement replacement product.
Management anticipates that Eco-Clay will enter the commercial market in the first half of 2026.
Beyond this primary focus, the funds will also support the ongoing research and development of additional low-carbon cement alternatives derived from industrial waste products.
Executive Chairman Aaron Banks noted that the successful raising reflects growing engagement from government departments, contractors, and concrete suppliers.
He emphasised that the additional capital allows the company to meet the immediate demand for decarbonising Australia's infrastructure industry.
By leveraging industrial waste to create high-performance building materials, Green360 aims to reduce the environmental footprint of the traditional concrete sector.
At the time of reporting, Green360 Technologies' share price was $0.043.