Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Acrux ( (AU:ACR) ) has provided an announcement.
Acrux Limited has notified the market that 910,769 performance rights, trading under the ASX security code ACRAT, have lapsed. The cessation follows the expiry of these rights without being exercised or converted, resulting in a reduction of the company’s outstanding equity-linked securities.
The move slightly simplifies Acrux’s capital structure and may marginally reduce potential future dilution for existing shareholders. While the announcement is procedural, it clarifies the current level of issued capital and the status of incentive-related instruments on the company’s register.
The most recent analyst rating on (AU:ACR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Acrux stock, see the AU:ACR Stock Forecast page.
More about Acrux
Acrux Limited is an Australian-listed company trading under the ASX code ACR. The filing indicates it is an issuer of performance rights and other equity-linked securities to stakeholders, reflecting a capital structure that includes options or convertible instruments as part of its corporate financing and incentive arrangements.
Average Trading Volume: 232,825
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.75M
For an in-depth examination of ACR stock, go to TipRanks’ Overview page.