Orbital Corporation Limited (AU:OEC) has released an update.
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Orbital Corporation Limited has announced a renounceable pro rata entitlement offer to raise approximately A$2 million by issuing new shares at A$0.11 each. Eligible shareholders can acquire one new share for every eight existing shares they hold. This move aims to bolster the company’s financial position, providing an opportunity for investors to increase their stake in Orbital.
For further insights into AU:OEC stock, check out TipRanks’ Stock Analysis page.