Adslot Ltd (AU:ADS) has released an update.
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Adslot Ltd has successfully raised $1.48 million through its Retail and Institutional Entitlement Offers, with shares priced at $0.001 each. The Retail Offer closed with approximately 756 million new shares to be issued, while the Institutional Offer added another 525 million shares earlier. Despite a shortfall, the company has received applications from shareholders to cover $0.29 million of the remaining amount, and may place the remaining shares within the next three months.
For further insights into AU:ADS stock, check out TipRanks’ Stock Analysis page.