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An announcement from Flexiroam Ltd ( (AU:FRX) ) is now available.
Flexiroam Ltd has announced a non-renounceable entitlement offer to raise up to $3,928,219 via issuing 785,643,781 new shares at $0.005 per share. The offer is open to eligible shareholders in select countries and is partially underwritten by Executive Director and interim CEO Mr. Jefrey Ong. The funds raised are intended for loan repayment, working capital, and covering offer costs. Ineligible shareholders, mainly those residing outside the specified regions, cannot participate due to legal and regulatory constraints.
More about Flexiroam Ltd
Flexiroam Ltd operates in the telecommunications industry, specializing in providing global connectivity solutions, particularly through data roaming services. The company primarily focuses on offering seamless and cost-effective communication options to international travelers and businesses.
YTD Price Performance: 0.0%
Average Trading Volume: 498,967
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.86M
See more insights into FRX stock on TipRanks’ Stock Analysis page.
