Lark Distilling Co. Ltd. (AU:LRK) has released an update.
Lark Distilling Co. Ltd. has announced the successful completion of a $6.5 million institutional placement, part of a larger $22.5 million equity raising effort. The placement, which saw shares issued at a slight discount, drew significant interest from existing and new investors, bolstering Lark’s ability to invest in brand and export growth strategies. Additionally, a Share Purchase Plan for eligible shareholders and a conditional placement requiring shareholder approval at an EGM are in the works.
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