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The latest announcement is out from Lachlan Star ( (AU:LSA) ).
Lachlan Star Limited has notified the ASX of a proposed placement involving the issue of up to 7,000,000 new options. These options will have an exercise price of $0.19 and will expire three years from their date of issue, with the issuance targeted for 30 June 2026.
The proposed option issue represents a further capital markets initiative by the company and will, if completed and exercised, expand its securities on issue and potentially provide additional funding. The move underscores Lachlan Star’s ongoing use of equity-linked instruments as part of its financing and corporate strategy.
The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Lachlan Star stock, see the AU:LSA Stock Forecast page.
More about Lachlan Star
Lachlan Star Limited is an Australian-listed company trading under the ASX code LSA. The release does not specify its industry or core operations, but the company is engaged in capital markets activities through the issuance of listed securities on the ASX.
YTD Price Performance: 121.15%
Average Trading Volume: 733,496
Technical Sentiment Signal: Hold
Current Market Cap: A$35.5M
For an in-depth examination of LSA stock, go to TipRanks’ Overview page.