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An announcement from DTI Group Ltd ( (AU:DTI) ) is now available.
DTI Group Ltd announced a fully underwritten pro-rata non-renounceable entitlement offer to raise approximately $2.69 million. The funds will be used to repay a loan from Finico Pty Ltd, which is also underwriting the offer, and for general working capital. Eligible shareholders in Australia and New Zealand can subscribe for new shares, and a nominee will handle shares for ineligible shareholders. This move aims to strengthen DTI’s financial position and support its operational needs.
More about DTI Group Ltd
DTI Group Ltd operates in the transit technology industry, focusing on providing advanced technology solutions for public transport systems. The company is listed on the Australian Securities Exchange (ASX) under the ticker DTI.
YTD Price Performance: -15.38%
Average Trading Volume: 136,419
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.13M
See more insights into DTI stock on TipRanks’ Stock Analysis page.