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Alexium International Group ( (AU:AJX) ) just unveiled an update.
Alexium International Group Limited announced a non-renounceable pro-rata entitlement offer to raise approximately $6.77 million by issuing new shares to eligible shareholders. The offer, underwritten by Colinton Capital Partners and others, aims to maintain shareholder control while potentially diluting those who do not fully subscribe. The impact on company control will depend on shareholder participation, with the underwriters stepping in to cover any shortfall.
The most recent analyst rating on (AU:AJX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Alexium International Group stock, see the AU:AJX Stock Forecast page.
More about Alexium International Group
Alexium International Group Limited is a performance chemicals provider specializing in advanced materials applications, with a focus on flame retardancy and thermal management. The company leverages an innovation model to address market gaps with patent-protected technologies. Its high-performance products serve industries such as bedding, body armor, military uniforms, and workwear. Alexium’s brands include AlexiCool®, AlexiFlam®, Eclipsys®, BioCool®, and DelCool™.
YTD Price Performance: -16.67%
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.26M
See more insights into AJX stock on TipRanks’ Stock Analysis page.