Announcement • Sep 16
General Innovation Capital, LLC cancelled the acquisition of Peak Rare Earths Limited (ASX:PEK) for approximately AUD 240 million. General Innovation Capital, LLC signed a letter of intent to acquire Peak Rare Earths Limited (ASX:PEK) for approximately AUD 240 million on September 14, 2025. A cash consideration of AUD 240 million valued at AUD 0.545 per share will be paid by General Innovation Capital, LLC. As part of consideration, AUD 240 million is paid towards common equity of Peak Rare Earths Limited. The Peak Independent Board Committee3 has carefully assessed the Letter of Intent, with the assistance of its financial and legal advisers, as required by the terms.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and consummation of due diligence investigation.
General Innovation Capital, LLC cancelled the acquisition of Peak Rare Earths Limited (ASX:PEK) on September 16, 2025. New Risk • May 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 53% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$114.4m market cap, or US$73.3m). Announcement • May 15
Peak Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.55 million. Peak Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,381,944
Price\Range: AUD 0.288
Transaction Features: Subsequent Direct Listing 
