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Elixinol Wellness ( (AU:EXL) ) has issued an announcement.
Elixinol Wellness Limited announced an update to a previous securities issue announcement, detailing the issuance of 35 million options to the lead manager as part of a fee arrangement. This issuance is contingent upon shareholder approval and a minimum placement raising of AUD1.5 million, with the options exercisable at 2 cents and expiring on October 23, 2027. This move aims to enhance the company’s financial strategy and potentially strengthen its market position.
More about Elixinol Wellness
Elixinol Wellness Limited operates in the wellness industry, focusing on the production and distribution of hemp-derived products. The company is listed on the Australian Securities Exchange under the code EXL.
YTD Price Performance: -65.79%
Average Trading Volume: 212,464
Technical Sentiment Signal: Sell
Current Market Cap: A$3.6M
For detailed information about EXL stock, go to TipRanks’ Stock Analysis page.