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The latest announcement is out from DTI Group Ltd ( (AU:DTI) ).
DTI Group Ltd is conducting a fully underwritten non-renounceable pro-rata entitlement offer to raise approximately $2.69 million by issuing up to 448,551,414 new shares. The funds will primarily be used to repay a loan from major shareholder Finico Pty Ltd, cover offer costs, and provide general working capital. Shareholders with registered addresses outside Australia and New Zealand are ineligible to participate due to regulatory costs, and their shares will be managed by a nominee for potential sale.
More about DTI Group Ltd
Average Trading Volume: 72,839
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.58M
For a thorough assessment of DTI stock, go to TipRanks’ Stock Analysis page.