Memphasys Ltd (AU:MEM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Memphasys Limited successfully raised $1.857 million through its Share Purchase Plan (SPP) and Placement Offer, issuing shares at a 20% discount to the five-day volume-weighted average price. The company has allotted over 309 million shares and options, increasing the total shares to approximately 1.75 billion. This development reflects Memphasys’s strategic efforts to strengthen its financial position for advancing its reproductive biotechnology initiatives.
For further insights into AU:MEM stock, check out TipRanks’ Stock Analysis page.