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The latest announcement is out from Morella Corporation ( (AU:1MC) ).
Morella Corporation Limited has notified the Australian Securities Exchange of a proposed securities issue under a placement or similar mechanism. The company has lodged an Appendix 3B outlining its intention to issue additional ordinary shares and a new class of options, subject to ASX processes.
The proposal covers up to 52,500,000 new fully paid ordinary shares and 52,500,000 options exercisable at $0.06 and expiring on April 28, 2029, with an intended issue date of the same day. This capital-raising initiative, if completed, would expand the company’s capital base and may dilute existing shareholders, potentially providing funds to support future corporate activities and strategic objectives.
The most recent analyst rating on (AU:1MC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Morella Corporation stock, see the AU:1MC Stock Forecast page.
More about Morella Corporation
Morella Corporation Limited is an Australian-listed company trading under the ASX code 1MC. The specific industry, core products, and market focus are not described in the release, leaving its operational profile and sector positioning unidentified in this document.
YTD Price Performance: 12.82%
Average Trading Volume: 399,082
Technical Sentiment Signal: Hold
Current Market Cap: A$16.21M
Learn more about 1MC stock on TipRanks’ Stock Analysis page.