ecoWise (SGX:5CT) and placement agent, SAC Capital, have agreed to extend the cut-off date for the placement of 200,000,000 placement shares to March 31, 2025, according to a filing with the Singapore Exchange on Monday.

The date has been extended in order to allow sufficient time for the fulfilment of the placement conditions.

In an earlier filing, the company entered into a placement and underwriting agreement with SAC Capital for the placement of 200,000,000 new ordinary shares at SG$0.015 apiece.

The company also agreed to place up to 200,000,000 detachable, transferrable, and non-listed warrants at SG$0.001 per warrant, the filing said.