Janus Electric Holdings Finalises Acquisition, Prepares for ASX Comeback
Janus Electric Holdings has completed its acquisition of Janus Electric Limited, issuing 50 million shares to finalize the deal and setting the stage for its anticipated ASX reinstatement on May 21.
- Acquisition of Janus Electric Limited completed after shareholder approval
- 50 million ordinary shares issued to Janus Electric Limited shareholders and noteholders
- Capital raise underway as per February 2025 prospectus
- Anticipated ASX reinstatement scheduled for May 21, 2025
- Focus on electrification of heavy road transport with swappable battery technology
Completion of a Strategic Acquisition
Janus Electric Holdings Limited, previously known as ReNu Energy Limited, has officially completed the acquisition of Janus Electric Limited following the green light from shareholders at the March 28 general meeting. This milestone marks a significant step in Janus Electric Holdings’ strategy to consolidate its position in the zero emission transport sector.
Under the terms of the share purchase agreement signed in February 2025, Janus Electric Holdings issued 50 million ordinary shares to the shareholders and noteholders of Janus Electric Limited. This share issuance not only finalizes the acquisition but also aligns the interests of both entities as they move forward together.
Advancing Capital Raise and Market Reinstatement
Following the acquisition, Janus Electric Holdings is actively progressing with its capital raise as outlined in its February 2025 prospectus. The capital raise is a critical component to support the company’s growth ambitions, including expanding its infrastructure and technology offerings.
The company has indicated that it will provide further updates to the ASX once all conditions for reinstatement to trading are met. The market eagerly awaits this development, with the reinstatement anticipated on May 21, 2025. This return to the ASX will restore liquidity and visibility for investors, potentially attracting new capital and partnerships.
Positioning in the Zero Emission Transport Ecosystem
Janus Electric’s core expertise lies in electrifying heavy road transport through innovative swappable battery technology and a comprehensive ecosystem that includes truck conversions, battery and charging station manufacturing, and integrated software for real-time monitoring and energy management. Operating across multiple Australian states, Janus Electric is well-positioned to capitalize on the growing demand for sustainable transport solutions.
The acquisition and capital raise collectively signal Janus Electric Holdings’ commitment to driving the future of zero emission transport in Australia. With a production facility in Berkeley Vale and a network of charging stations spanning key regions, the company is building the infrastructure necessary to support fleet operators transitioning from diesel to electric vehicles.
Looking Ahead
As Janus Electric Holdings prepares for its ASX reinstatement, investors will be watching closely to see how the integration of Janus Electric Limited unfolds and how the capital raise fuels further growth. The company’s ability to execute on its vision could have meaningful implications for the electric vehicle technology sector in Australia.
Bottom Line?
Janus Electric Holdings’ acquisition completion and upcoming ASX reinstatement mark a pivotal moment, but the real test lies in delivering on its zero emission transport ambitions.
Questions in the middle?
- What is the timeline and expected impact of the ongoing capital raise on Janus Electric Holdings’ financial position?
- How will the integration of Janus Electric Limited’s operations influence the company’s market share and technology development?
- What are the key milestones investors should watch for following the anticipated ASX reinstatement?
