Activeport Group Limited (AU:ATV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Activeport Group Ltd. has launched a rights issue to raise $5.3 million, offering shares at a 50% discount to support its software and SaaS business expansion. For every three shares purchased, shareholders receive one free option, tradable from October 2024. The funds are earmarked for hiring staff, growing enterprise software licenses, expanding globally, and repaying debts.
For further insights into AU:ATV stock, check out TipRanks’ Stock Analysis page.