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Murray Cod Australia Limited ( (AU:MCA) ) has shared an announcement.
Murray Cod Australia Limited has launched a 1-for-1 accelerated non-renounceable entitlement offer, giving existing shareholders the opportunity to purchase new shares at $0.15 each. The company aims to raise approximately $18.6 million before costs, with the retail component of the offer scheduled to close on 20 May 2026, subject to possible extension under regulatory requirements.
The capital raising is jointly lead managed and fully underwritten by Stralis Capital Partners and Ord Minnett, providing assurance that the targeted funds will be secured. The proceeds are expected to support Murray Cod Australia’s ongoing operations and growth plans, reinforcing its capital position and potentially strengthening its competitive standing in the aquaculture sector.
More about Murray Cod Australia Limited
Murray Cod Australia Limited operates in aquaculture, focusing on the breeding and production of Murray cod for the seafood market. The company targets investors on the Australian Securities Exchange and relies on equity capital to fund its growth and operational expansion.
Average Trading Volume: 212,417
Technical Sentiment Signal: Sell
Current Market Cap: A$35.94M
For a thorough assessment of MCA stock, go to TipRanks’ Stock Analysis page.