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An update from DomaCom Ltd. ( (AU:AOH) ) is now available.
Assetora Limited has announced a pro-rata non-renounceable rights issue to raise up to $4.0 million by offering eligible shareholders one new share for every ten held at an issue price of $0.16 per share. Half of the raising, or $2.0 million, is underwritten by existing shareholders miHubb Ventures and ANCA Capital, with no underwriting, management or capital raising fees payable, and the funds earmarked for strengthening the balance sheet, repaying fixed debt and providing general working capital. The board set the issue price at a premium to the company’s 2025 raisings but at a discount to its assessed fair value of about $0.20 per share, signalling confidence in Assetora’s improved financial position while aiming to encourage strong shareholder participation despite the ongoing suspension from quotation.
The most recent analyst rating on (AU:AOH) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on DomaCom Ltd. stock, see the AU:AOH Stock Forecast page.
More about DomaCom Ltd.
Assetora Limited (ASX:AOH) is an Australian-listed company currently suspended from trading on the ASX. The company has been focused on stabilising its balance sheet, resolving legacy debt and external administration matters, and completing non-recurring transformation activities, supported by recent capital raisings and binding funding arrangements to improve its financial position and reduce risk.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.79M
See more data about AOH stock on TipRanks’ Stock Analysis page.