FOR IMMEDIATE RELEASE
PRESS RELEASE
JUNE 9, 2025
TROPICAL BATTERY EXTENDS PUBLIC OFFER TO JUNE 20 TO FACILITATE INVESTOR DEMAND
(Kingston, Jamaica) – Tropical Battery Company Limited has announced a two-week extension of its Additional Public Offering (APO), moving the new closing date from the originally scheduled Friday, June 6, 2025, to Friday, June 20, 2025.
The extension directly responds to interest from institutional and individual investors, many of whom have requested additional time to formalise their participation in the offer. Tropical Battery is committed to enabling broad-based investor access and involvement in this capital raise.
“We are extremely encouraged by the level of interest shown in our APO to date,” said Alexander Melville, CEO of Tropical Battery. “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 U.S.-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.
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.
Sygnus Capital Limited is the Lead Arranger, with NCB Capital Markets Limited and Sagicor Investments Jamaica Limited serving as Co-Brokers, and JMMB Securities Limited and Mayberry Investments Limited acting as Selling Agents.
Interested investors can access the prospectus, application forms, and complete offer details at: https://apo.tropicalbattery.com/
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About Tropical Battery
Established in 1950, Tropical Battery has become a household name in premium energy solutions in the Caribbean. Listed on the Jamaica Stock Exchange in 2020, the company has diversified beyond its core car battery business into automotive care products, renewable energy and electric mobility as part of its transformation into a diversified energy group enabling sustainability with innovation, technology and exceptional service delivery. The Group now includes Kaya Energy Group based in the Dominican Republic and Rose Batteries based in California, USA.
