Candy Club Holdings Ltd. (AU:CLB) has released an update.
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Candy Club Holdings Ltd. has taken a significant step by securing shareholder approval for a merger with Scalare Partners Pty Ltd, including a 56-for-1 share consolidation and a capital raise of up to $8 million. The acquisition aims to transform the company into Scalare Partner Holdings Limited, with a public share offer currently open to complete the transaction. The market is eagerly awaiting updates as the company works towards re-compliance with ASX listing requirements.
For further insights into AU:CLB stock, check out TipRanks’ Stock Analysis page.