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Algorae Pharmaceuticals Seeks ASX Quotation for 3.85 Million New Shares

Story Highlights
  • Algorae Pharmaceuticals is an ASX-listed biotechnology firm focused on ordinary fully paid shares.
  • The company is adding 3.85 million quoted shares on March 13, 2026, boosting its tradable capital base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Algorae Pharmaceuticals Seeks ASX Quotation for 3.85 Million New Shares

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Living Cell Technologies ( (AU:1AI) ) has shared an announcement.

Algorae Pharmaceuticals has applied to the ASX for quotation of 3,852,712 additional ordinary fully paid shares, to be issued on March 13, 2026. The move increases the company’s quoted share capital, potentially enhancing liquidity for investors and reflecting the conversion or exercise of existing securities into tradable shares.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

More about Living Cell Technologies

Algorae Pharmaceuticals Limited is an Australian-listed biotechnology company operating in the pharmaceuticals sector. The company’s securities trade on the ASX under the code 1AI, with ordinary fully paid shares forming its primary listed security class.

Average Trading Volume: 1,468,688

Technical Sentiment Signal: Hold

Current Market Cap: A$23.98M

For an in-depth examination of 1AI stock, go to TipRanks’ Overview page.

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