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Living Cell Technologies ( (AU:1AI) ) has provided an update.
Algorae Pharmaceuticals Ltd has announced a non-renounceable, pro-rata entitlement offer of ‘Loyalty Options’ to its eligible shareholders. This initiative is designed to acknowledge shareholder support and provide a flexible funding mechanism for future growth. The offer allows shareholders to purchase one Loyalty Option for every five shares held, with the potential to raise approximately $337,679. The Loyalty Options are priced at $0.001 each, exercisable at $0.014, and will expire on December 1, 2029. This move is part of Algorae’s strategy to advance its AI-driven innovation and pharmaceutical commercialization.
More about Living Cell Technologies
Algorae Pharmaceuticals Ltd is an AI-enabled pharmaceutical company focused on AI-driven innovation and pharmaceutical commercialization.
Average Trading Volume: 2,838,828
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$15.2M
For an in-depth examination of 1AI stock, go to TipRanks’ Overview page.