Ama Group Limited (AU:AMA) has released an update.
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AMA Group Limited has announced a renounceable entitlement offer for retail shareholders that allows them to purchase additional shares at a fixed price, following a successful round of fundraising with institutional investors. Eligible shareholders have the option to buy 0.82 new shares for every one they own at $0.042 each. Any unclaimed shares will be sold in a Retail Shortfall Bookbuild, with profits potentially distributed to eligible participants who did not fully exercise their entitlement.
For further insights into AU:AMA stock, check out TipRanks’ Stock Analysis page.