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My Rewards International Limited ( (AU:KLV) ) has issued an announcement.
Klevo Rewards Limited announced the successful completion of its Entitlement Offer and Debt Conversion, resulting in the issuance of over 620 million shares and raising $3.4 million. The funds will primarily be used for debt reduction and working capital, ensuring the company has sufficient resources to meet its commitments over the next 12 months. The company’s financial position has been strengthened, with no legal or regulatory barriers to its planned activities, positioning it well for future operations.
More about My Rewards International Limited
Klevo Rewards Limited, formerly known as My Rewards International Limited, operates in the financial services industry with a focus on providing rewards and loyalty programs. The company is listed on the Australian Securities Exchange (ASX) and is involved in various financial transactions and offerings.
Average Trading Volume: 20,000
Technical Sentiment Signal: Sell
See more insights into KLV stock on TipRanks’ Stock Analysis page.