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An announcement from Activeport Group Limited ( (AU:ATV) ) is now available.
Activeport Group Ltd has announced a fully underwritten rights issue to raise up to $2.5 million, offering 1 new share for every 2.75 shares held at 1 cent per share. The funds will be used for business development, delivery and support, product development, corporate administration, and loan repayment. The rights issue is underwritten by Alpine Capital Pty Ltd and GBA Capital Pty Ltd, with MWP Partners Limited committing to a significant portion, potentially increasing its voting power to 23.62%. The initiative aims to accelerate growth and strengthen the company’s financial position.
More about Activeport Group Limited
Average Trading Volume: 1,980,207
Technical Sentiment Signal: Sell
Current Market Cap: A$9.62M
See more data about ATV stock on TipRanks’ Stock Analysis page.
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