AnteoTech Ltd (AU:ADO) has released an update.
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AnteoTech Ltd successfully completed its non-renounceable entitlement offer, raising approximately $0.81 million through the subscription of 40,530,310 new shares. The capital raised will bolster AnteoTech’s balance sheet as the company continues to support customer validation in clean energy and life sciences. The company plans to issue these shares on December 16, 2024, with trading expected to commence the following day.
For further insights into AU:ADO stock, check out TipRanks’ Stock Analysis page.