Alternergy Holdings Corp. said Monday it appointed two financial advisors for its next capital raising initiative following a rigorous selection process.
Alternergy said in a disclosure to the Philippine Stock Exchange (PSE) it appointed AlphaPrimus Advisors and Astris Finance to advise on various options for capital-raising framework to support the roll-out of its “Road to 500 Megawatt” capacity target in the next two years, composed of wind, solar, and run of river hydro projects.
The company did not provide details on how much the company is planning to raise through its advisory or when this will be done.
It said the new capital raising initiative follows a successful P20-billion funding raised by Alternergy in just 15 months since its public listing in March 2023.
“We are advancing to the next phase of our capital raising program. We are excited to partner and work closely with AlphaPrimus and Astris Finance who have strong track record of successfully closing M&A deals both locally and internationally,” said Alternergy president Gerry Magbanua.
