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Opyl Ltd. ( (AU:PKY) ) has issued an announcement.
PathKey.AI Ltd has announced an equity raising initiative through a non-renounceable entitlement offer, aiming to raise approximately $920,517. This offer will allow eligible shareholders in Australia and New Zealand to purchase one new share for every four shares they currently hold. The initiative is managed by GBA Capital Pty Ltd, with a management fee of 6% of the raised amount. The company assures that the offer will not lead to any significant change in control, as no investor will be able to acquire more than 20% voting power.
More about Opyl Ltd.
Average Trading Volume: 1,080,222
Technical Sentiment Signal: Sell
Current Market Cap: A$4.54M
For a thorough assessment of PKY stock, go to TipRanks’ Stock Analysis page.