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The latest update is out from Adslot Ltd ( (AU:ADS) ).
Adslot Ltd has announced a capital raise of $989,000 through the issuance of secured Convertible Notes and Shares, with the aim of increasing its cash reserves by $739,000. This move is expected to strengthen the company’s financial position and potentially enhance its market operations, although it requires shareholder approval for the issuance of Attaching Options and a waiver from ASX for certain security interests.
More about Adslot Ltd
Adslot Ltd operates in the digital advertising industry, providing technology solutions that facilitate the buying and selling of digital advertising space. The company focuses on enhancing the efficiency and transparency of media trading for advertisers and publishers.
Current Market Cap: A$5.43M
Learn more about ADS stock on TipRanks’ Stock Analysis page.