Tropical Battery has decided to extend the closing date of its Additional Public Offering (APO) of shares by two weeks to Friday, June 20, from Friday, June 6.

The decision was made to facilitate the broadest possible participation by investors in the offer, and was made after consultation with its brokers, NCB Capital Markets and Sagicor Investments. The extension comes in response to interest from institutional and individual investors, many of whom have requested additional time to formalise their participation in the offer.

The APO, which opened on May 22, 2025, is part of Tropical Battery’s strategic plan to raise capital to support its continued growth across the region. Proceeds will fund regional expansion and clean energy initiatives, repay acquisition-related debt, settle outstanding bonds and transaction costs, and strengthen working capital.

The shares are being offered for J$1.87 each with a minimum purchase of 1,000 shares, which amounts to J$1,870.  

Commenting on the extension, CEO of Tropical Battery, Alexander Melville, remarked, “We are extremely encouraged by the level of interest shown in our APO to date. This extension is to ensure that all interested investors, especially those who have expressed a desire to participate but need more time, can do so comfortably.”

Over the past two years, Tropical Battery has implemented a focused growth strategy through key acquisitions, including US-based Rose Batteries and investments in the Dominican Republic-based solar energy provider KAYA Energy Group. As a result, Tropical Battery is now positioned as a regional leader in clean energy, energy storage, and electric mobility. 

Sygnus Capital is the Lead Arranger with NCB Capital Markets and Sagicor Investments serving as Co-Brokers, and JMMB Securities and Mayberry Investments acting as Selling Agents.