TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mayfield Group Holdings Limited ( (AU:MYG) ) has provided an update.
Mayfield Group Holdings Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase up to A$30,000 worth of shares without incurring transaction costs. The SPP is part of a broader capital raising strategy, including a conditional placement to raise $30.5 million, aimed at funding acquisitions and expanding manufacturing capabilities. The SPP aims to raise a maximum of $3 million and is not underwritten, with the company retaining discretion over application scaling.
The most recent analyst rating on (AU:MYG) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Mayfield Group Holdings Limited stock, see the AU:MYG Stock Forecast page.
More about Mayfield Group Holdings Limited
Mayfield Group Holdings Limited operates in the manufacturing industry, focusing on expanding its manufacturing capacities and capabilities. The company is engaged in capital raising efforts to fund potential acquisitions and other initiatives.
Average Trading Volume: 197,151
Technical Sentiment Signal: Buy
Current Market Cap: A$219.5M
Find detailed analytics on MYG stock on TipRanks’ Stock Analysis page.