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An announcement from Adslot Ltd ( (AU:ADS) ) is now available.
Adslot Ltd announced that it has been granted a waiver from ASX Listing Rule 10.1, allowing it to proceed with a capital raising initiative involving the issuance of convertible notes and shares without requiring shareholder approval. This strategic move aims to provide Adslot with the necessary funding flexibility and efficiency, particularly as the convertible notes can be repaid in cash or converted into shares, thus supporting the company’s financial operations and market positioning.
More about Adslot Ltd
Adslot Ltd is a company operating in the digital advertising industry, primarily providing technology solutions for media trading. The company focuses on enhancing the efficiency and effectiveness of digital media transactions, catering to advertisers and publishers.
Current Market Cap: A$5.66M
See more insights into ADS stock on TipRanks’ Stock Analysis page.