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KNeoMedia Limited ( (AU:KNM) ) just unveiled an announcement.
KNeoMedia Limited has announced a proposed capital raising via the issue of up to 133,333,333 new fully paid ordinary shares and 66,666,667 options with various expiry dates and exercise prices, to be conducted as a placement or similar security issue. The new securities, which are expected to be issued on 22 January 2025, will expand the company’s capital base and could provide additional funding flexibility, while the attached options introduce potential future dilution but also signal an effort to incentivise investment and support KNeoMedia’s ongoing corporate and operational objectives.
The most recent analyst rating on (AU:KNM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on KNeoMedia Limited stock, see the AU:KNM Stock Forecast page.
More about KNeoMedia Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$3.07M
For a thorough assessment of KNM stock, go to TipRanks’ Stock Analysis page.