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An update from Butn Limited ( (AU:BTN) ) is now available.
Butn Limited has notified the market that a total of 3,958,330 options with an exercise price of $0.50 have lapsed without being exercised, comprising 1,093,750 BTNAD options expiring on various dates and 2,864,580 BTNAH options expiring on 8 January 2026. The expiry of these options without conversion reduces the company’s pool of potential equity dilution but also indicates that the current share price did not make exercise economically attractive, a development existing shareholders may view as marginally positive for capital structure while implying limited immediate capital inflow from these instruments.
The most recent analyst rating on (AU:BTN) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on Butn Limited stock, see the AU:BTN Stock Forecast page.
More about Butn Limited
Butn Limited, listed on the ASX under the code BTN, operates in the financial services/fintech sector, providing working capital and funding solutions to businesses through technology-enabled platforms. The company focuses on facilitating faster access to finance for small and medium-sized enterprises in the Australian market.
Average Trading Volume: 308,390
Technical Sentiment Signal: Sell
Current Market Cap: A$29.8M
See more data about BTN stock on TipRanks’ Stock Analysis page.