EchoIQ Limited Plans Major Securities Issue

EchoIQ Limited (AU:EIQ) has released an update.

EchoIQ Limited has announced plans for a significant issuance of securities, with a proposal to issue up to 12 million performance rights under the ASX security code EIQAAK. The proposed issue date is slated for December 2, 2024. This move is part of the company’s strategic efforts to raise capital, and it is currently awaiting approval from the ASX for quotation on a deferred settlement basis.

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