Delorean Lands $2.2M From Major Biogas Operator as 9.97% Strategic Investor
Delorean Corporation secures $2.2 million strategic investment from LMS Energy
Delorean Corporation has completed a $2.2 million strategic placement to LMS Energy, one of Australia’s most experienced biogas operators. The placement involves the issue of 24.4 million shares at $0.09 per share, representing a 10% discount to the last closing price on 28 April 2026 and a 13% discount to the 15-day VWAP. LMS Energy will become a 9.97% shareholder in Delorean following completion, with allotment scheduled for Friday, 1 May 2026 and trading commencing the same day.
The strategic nature of this placement is significant. A major biogas operator taking a near-10% stake signals sector validation of Delorean’s bioenergy infrastructure pipeline and aligns a highly experienced industry participant with the company’s growth trajectory.
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What is a strategic placement and why does the investor matter?
A strategic placement is a targeted capital raise to a specific investor rather than the broader market. Unlike public capital raisings, strategic placements typically signal alignment between the investor’s expertise and the company’s strategic direction, often delivering benefits beyond the capital itself.
LMS Energy brings over four decades of bioenergy experience to Delorean’s shareholder register, operating more than 70 biogas projects across Australia, New Zealand, and the United States. This operational track record and deep sector knowledge add credibility to Delorean’s development pipeline.
Strategic investors often contribute more than capital. They can provide industry relationships, operational insights, and market confidence that can prove valuable as Delorean scales its bioenergy infrastructure portfolio.
Share Purchase Plan opens to existing shareholders
Delorean is offering a Share Purchase Plan (SPP) seeking up to $2.2 million at the same $0.09 per share price as the placement. Eligible shareholders with a registered address in Australia or New Zealand as at 5:00pm AWST on Wednesday 29 April 2026 may apply for up to $30,000 worth of new shares, subject to scale back at the Company’s discretion.
| Milestone | Date |
|---|---|
| Record Date | Wednesday 29 April 2026 |
| Announce SPP and Placement | Thursday 30 April 2026 |
| Issue of Placement Shares | Friday 1 May 2026 |
| Dispatch SPP Booklet | Monday 4 May 2026 |
| SPP Closing Date | Monday 25 May 2026 (5:00pm AWST) |
| Announcement of SPP Result | Wednesday 27 May 2026 |
| Issue of SPP Shares | Friday 29 May 2026 |
These dates are indicative and the Company may vary them without notice.
Use of funds
Delorean will apply proceeds from both the Placement and SPP towards:
- Working capital
- Continuing growth in Delorean’s bioenergy infrastructure development pipeline
The announcement does not provide project-level detail on specific capital allocation.
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Delorean’s bioenergy infrastructure model
Delorean Corporation specialises in the design, construction, ownership, and operation of bioenergy infrastructure, alongside renewable power and gas generation and energy retail operations. The company operates across three divisions:
- Engineering — design and construction of bioenergy infrastructure
- Infrastructure — ownership and operation of bioenergy assets
- Energy Retail — retail energy operations
Through these divisions, Delorean delivers projects across the full lifecycle, from conception to operation. The company processes and diverts organic waste from landfill while generating renewable energy, monetising multiple revenue streams including electricity, heat, gas, carbon credits, and waste processing fees.
The diversified revenue model provides resilience, with multiple revenue streams per project positioning Delorean across the full bioenergy value chain rather than relying on a single income source.
What this capital raise means for shareholders
The placement results in the issue of 24.4 million new shares under Delorean’s existing capacity under Listing Rule 7.1. New shares rank pari passu with existing ordinary shares from the date of issue.
If the SPP is fully subscribed at $0.09 per share, a further approximately 24.4 million shares would be issued (calculated from $2.2 million at $0.09 per share). This represents dilution for existing shareholders, though the SPP allows eligible shareholders to participate on the same terms as the strategic investor.
The trade-off is clear: while existing shareholders face dilution from the placement, the capital strengthens the balance sheet and funds pipeline growth. The concurrent SPP provides existing shareholders the opportunity to maintain their proportional ownership by participating on identical terms to LMS Energy.
Want to explore Delorean’s bioenergy infrastructure pipeline in more detail?
LMS Energy’s $2.2 million strategic investment validates Delorean’s position in Australia’s growing bioenergy sector. The backing of an operator with over 70 biogas projects across three countries adds significant sector credibility to the company’s development trajectory.
Existing shareholders can participate in the Share Purchase Plan on identical terms to LMS Energy until 25 May 2026. For comprehensive project details, financial reports, and announcements, visit the Delorean Corporation investor centre.