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Mad Paws Holdings Ltd. ( (AU:MPA) ) has provided an announcement.
Mad Paws Holdings Ltd. has announced that it has been granted a waiver from ASX Listing Rule 6.23.4, allowing the amendment of 14,728,295 unlisted vested options to include a cashless exercise mechanism without requiring shareholder approval. This move is part of the company’s binding Scheme Implementation Deed with Rover Group, Inc., under which Rover will acquire 100% of Mad Paws’ shares. The waiver facilitates the exercise of these options, enabling option holders to receive shares without paying the exercise price in cash, contingent on the Scheme’s approval by shareholders and the court. This development is a significant step in the acquisition process and reflects Mad Paws’ strategic efforts to streamline the transaction for stakeholders.
The most recent analyst rating on (AU:MPA) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Mad Paws Holdings Ltd. stock, see the AU:MPA Stock Forecast page.
More about Mad Paws Holdings Ltd.
Mad Paws Holdings Ltd. operates Australia’s leading online pet ecosystem, connecting pet owners with a range of high-quality services and products. The company supports over 300,000 active pet owners and has facilitated over 400,000 transactions in the past year. Its marketplace is the foremost platform for booking pet services such as sitting, walking, daycare, and grooming, with 70,000 registered pet carers across Australia.
Average Trading Volume: 1,919,707
Technical Sentiment Signal: Buy
See more insights into MPA stock on TipRanks’ Stock Analysis page.