Business Roundup: Oct 5 - Australia (5 stories)

Here is your Weekly summary for Business & Finance across Australia for Mon 29th September - Sun 5th October 2025

Energy Fuels has successfully closed an upsized $700 million convertible notes offering, a significant move that enhances its financial flexibility and positions the company for future growth in the uranium sector. This capital influx is crucial as the demand for nuclear energy continues to rise amid global energy transitions.

In investment news, Cathie Wood's ARK Invest has increased its stake in Alibaba while reducing its holdings in Amazon, reflecting a strategic shift in response to market dynamics. This adjustment highlights ARK's focus on companies poised for growth in the evolving tech landscape.

Meanwhile, GigCapital8 has priced its $220 million IPO at $10 per unit, with shares set to begin trading on Monday. This marks a notable entry into the market, potentially attracting investor interest in the SPAC's future acquisitions and growth prospects.