IPO - Indonesia Energy Corp Ltd
Form Type: 424B5
Filing Date: 2025-06-17
Corporate Action: Ipo
Type: New
Accession Number: 000164117225015317
Filing Summary: This document is a prospectus supplement filed by Indonesia Energy Corporation Limited, relating to the offer and sale of up to $3,200,000 of its ordinary shares. It supplements earlier prospectuses and is aimed at enabling the sale of ordinary shares through an 'At the Market (ATM)' offering agreement with H.C. Wainwright & Co., LLC. As of June 16, 2025, the market value of the company's outstanding ordinary shares held by non-affiliates is approximately $46.86 million, based on the last closing price of $5.18. The company has previously sold $12.4 million in shares under the same offering structure over the past 12 months. The registration increases the available amount under the ATM Agreement to about $3,219,305. Investors are warned of the speculative nature and associated risks with investing in these ordinary shares.
Additional details:
Ordinary Share Value: 0.00267
Maximum Offering Amount: 3200000
Last Sale Price: 5.18
Shares Outstanding: 14511138
Shares Held By Non Affiliates: 9046736
Market Value Non Affiliates: 46862092
Previous Sales Amount: 12401393
Aggregate Amount Under Atm Agreement: 3219305
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