D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) has issued a Second Supplementary Prospectus dated 17 April 2024, aiming to provide investors with updated information. Despite efforts to attract investor interest, D3 Energy continues to face challenges in engaging the market effectively.

Background
The Second Supplementary Prospectus is intended to be read together with the prospectus dated 5 March 2024 and the supplementary prospectus dated 10 April 2024, collectively referred to as the Prospectus. The latest supplementary prospectus has been lodged with the Australian Securities and Investments Commission (ASIC) and is available on the Company’s website.

Revised Indicative Timetable
One of the key updates in the Second Supplementary Prospectus is the revision of the Indicative Timetable. The Closing Date of the Offer has been extended until Wednesday, 26 April 2024. Consequently, the revised timetable is as follows:

• Closing Date of the Offers: 5:00 pm (WST) on 26 April 2024
• Issue Date of Securities under the Offers: 3 May 2024
• Despatch of holding statements: 6 May 2024
• Expected date for Quotation of Shares on ASX: 13 May 2024

Challenges in Investor Engagement
Despite these efforts, D3 Energy appears to be struggling to engage investors effectively. The need for a second supplementary prospectus and the extension of the Offer’s closing date suggest that the Company is facing challenges in attracting sufficient investor interest.

What’s Next?
With the Offer’s closing date extended to 26 April 2024, D3 Energy will likely intensify its efforts to attract investors in the coming weeks. However, the Company’s ongoing struggle to engage the market effectively raises concerns about its ability to raise the necessary capital.

The issuance of a Second Supplementary Prospectus by D3 Energy reflects the Company’s continued challenges in engaging investors effectively. As the Offer’s closing date is extended to 26 April 2024, it remains to be seen whether D3 Energy can overcome these challenges and successfully raise the required capital. Potential investors are advised to carefully consider the Company’s prospects before making any investment decisions.