Ascent Bridge Limited Raises Over S$2.3 Million Through Share Placement

The latest announcement is out from Ascent Bridge Limited ( (SG:AWG) ).

Ascent Bridge Limited has successfully placed 17,414,446 new ordinary shares at S$0.14 per share, raising net proceeds of approximately S$2,366,022 after expenses. The company has allocated these funds primarily for general working capital purposes, including payroll, professional fees, rental expenses, and payments to suppliers, with a remaining balance of S$2,025,000. This move is expected to strengthen the company’s operational capabilities and financial stability, potentially enhancing its market position and stakeholder value.

More about Ascent Bridge Limited

Ascent Bridge Limited, incorporated in Singapore, operates within the financial sector. The company, along with its subsidiaries, focuses on providing financial services and solutions.

YTD Price Performance: 84.21%

Average Trading Volume: 8,576

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$36.57M

See more insights into AWG stock on TipRanks’ Stock Analysis page.