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Memphasys Ltd ( (AU:MEM) ) just unveiled an announcement.
Memphasys Ltd has announced a pro-rata non-renounceable entitlement offer, allowing shareholders to acquire 1 share for every 6 shares held at $0.003 per share, along with 1 free new option for every 4 shares applied for. The company aims to raise approximately $1,120,549 through this offer, which includes secondary offers of new options to placement participants and Lynx. This move is part of Memphasys’ strategy to strengthen its financial position and potentially enhance shareholder value, although the securities offered are considered highly speculative.
More about Memphasys Ltd
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.93M
Learn more about MEM stock on TipRanks’ Stock Analysis page.