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Nova Minerals ( (AU:NVA) ) just unveiled an announcement.
Nova Minerals Limited has issued 6,504,000 fully paid shares as part of an American underwritten public offering on the NASDAQ Stock Market. This issuance is connected to the exercise of an over-allotment option by underwriters, resulting in the issuance of 108,400 American Depositary Shares (ADSs) that will trade at US$9.25 per ADS. This move is part of Nova’s strategy to leverage its available placement capacity and strengthen its financial position, potentially impacting its market presence and investor relations.
More about Nova Minerals
Nova Minerals Limited is a gold and critical minerals exploration company focused on advancing the Estelle Gold and Critical Minerals Project in Alaska, USA.
YTD Price Performance: -29.73%
Average Trading Volume: 497,107
Technical Sentiment Signal: Sell
Current Market Cap: A$102.7M
See more insights into NVA stock on TipRanks’ Stock Analysis page.