Aspen Group Launches Security Purchase Plan for Eligible Investors

Aspen Group Limited ( (AU:APZ) ) has issued an announcement.

Aspen Group Limited has announced the opening of a Security Purchase Plan (SPP) allowing eligible securityholders in Australia and New Zealand to acquire up to $30,000 worth of new stapled securities at $2.90 each, matching the price of a recent institutional placement. The SPP aims to raise up to $4 million, with applications subject to scaling back if oversubscribed, and the new securities will be entitled to distributions for the half year ending June 30, 2025.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$2.48 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

More about Aspen Group Limited

Aspen Group Limited, along with Aspen Property Trust, operates in the real estate sector, focusing on providing investment opportunities in property assets. The company is listed on the Australian Securities Exchange (ASX) under the ticker APZ.

Average Trading Volume: 309,305

Technical Sentiment Signal: Buy

Current Market Cap: A$680.7M

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