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Jayride Group Ltd. ( (AU:JAY) ) has shared an update.
Jayride Group Limited has successfully closed its Entitlement Offer, raising $1.51 million to support operational expenses and restructuring for a more sustainable business. The company will issue over 500 million shares as part of this offer and convert $1.98 million of outstanding convertible notes into equity, marking a significant step in its financial restructuring efforts.
More about Jayride Group Ltd.
Jayride Group Limited is a leading online travel marketplace specializing in airport transfers. The company allows travelers to compare and book rides with over 3,700 ride service companies across 1,600 airports in more than 110 countries, covering 95% of global airport trips. Jayride operates through platforms like Jayride.com and AirportShuttles.com, and partners with travel brands to offer door-to-door ride services.
Technical Sentiment Signal: Buy
Current Market Cap: A$5M
Find detailed analytics on JAY stock on TipRanks’ Stock Analysis page.