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NoviqTech Announces Entitlement Issue to Raise Capital

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NoviqTech Announces Entitlement Issue to Raise Capital

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Tymlez Group Ltd. ( (AU:NVQ) ) has shared an announcement.

NoviqTech Limited is offering a non-renounceable pro-rata entitlement issue of new options to its shareholders in Australia and New Zealand. The offer aims to raise approximately $251,000 and involves issuing one new option for every two fully paid ordinary shares held, with an exercise price of $0.20 and a three-year expiration. This strategic move is likely to impact the company’s financial positioning by potentially increasing capital, while stakeholders should consider the speculative nature of the investment.

More about Tymlez Group Ltd.

YTD Price Performance: -44.30%

Average Trading Volume: 9,805

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.83M

See more data about NVQ stock on TipRanks’ Stock Analysis page.

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