ALS Limited Announces Securities Purchase Plan to Raise Capital

ALS ( (AU:ALQ) ) has issued an update.

ALS Limited has announced a proposed issue of securities under a securities purchase plan, offering up to 2,395,210 ordinary fully paid shares. This move is part of the company’s strategy to raise capital, potentially enhancing its financial flexibility and supporting its growth initiatives. The offer is set to close on June 20, 2025, with the issue date scheduled for June 27, 2025, indicating a structured timeline for stakeholders to engage with the plan.

The most recent analyst rating on (AU:ALQ) stock is a Buy with a A$15.20 price target. To see the full list of analyst forecasts on ALS stock, see the AU:ALQ Stock Forecast page.

More about ALS

ALS Limited operates in the testing, inspection, and certification industry, providing analytical and laboratory services across various sectors including environmental, food, pharmaceutical, and industrial. The company focuses on delivering high-quality testing solutions to ensure safety, compliance, and efficiency for its clients worldwide.

YTD Price Performance: 17.31%

Average Trading Volume: 1,181,483

Technical Sentiment Signal: Buy

Current Market Cap: A$8.58B

For detailed information about ALQ stock, go to TipRanks’ Stock Analysis page.