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An announcement from Adslot Ltd ( (AU:ADS) ) is now available.
Adslot Ltd, listed on the ASX under the code ADS, has lodged a notice of a proposed issue of fully paid ordinary shares. The company has not provided additional background in this release regarding its industry, products or market focus.
Adslot plans to issue up to 4,143,000 new ordinary fully paid shares via a placement or other type of issue, with the proposed issue date set for 28 January 2026. The capital raising, disclosed through an Appendix 3B filing, signals an intention to strengthen the company’s equity base, which may have implications for existing shareholders through dilution while potentially providing funds to support future operational or strategic initiatives, although specific use of proceeds was not disclosed.
More about Adslot Ltd
Current Market Cap: A$5.8M
Learn more about ADS stock on TipRanks’ Stock Analysis page.