Chariot Limited, a London-listed company, is on the verge of securing approval from its shareholders for a recent fundraising effort. The capital funding, announced in July, aims to raise a net $6.4 million through a Placing of 83.35 million new shares at 6.5p each, alongside an additional $2 million via an Open Offer for 23.35 million new shares. This fundraising was well received, being oversubscribed and signaling strong support from investors. The CFO expressed gratitude towards shareholders for their support and highlighted the company's exciting prospects. Chariot's core focus lies in developing energy projects in Africa, specifically in Morocco and Mauritania, through its three pillars: Transitional Gas, Transitional Power, and Green Hydrogen. The company aims to generate cash flows from its gas assets while expanding its renewable energy and hydrogen initiatives. The net proceeds from the fundraising will bolster the company's balance sheet, support ongoing projects, and facilitate the exploration of new opportunities in Namibia. Management is optimistic about the future, with plans to drill the Anchois-East well in mid-August and unlock the value of existing assets. Analysts also view Chariot positively, with valuations suggesting growth potential in the stock market. Despite trading at a lower price compared to a year ago, the company's shares are seen as having the potential to rise above previous levels.