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Playside Studios Ltd ( (AU:PLY) ) has issued an update.
PlaySide Studios has secured commitments to raise approximately $6.6 million through a placement of new shares at $0.20 each, aimed at strengthening its balance sheet ahead of major original IP launches, including the anticipated release of ‘MOUSE: P.I. For Hire.’ The company is also offering a Share Purchase Plan (SPP) to eligible shareholders to raise an additional $3 million, providing an opportunity for existing shareholders to participate under the same terms as the placement.
The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.
More about Playside Studios Ltd
PlaySide Studios Ltd is a company operating in the gaming industry, focusing on developing and launching original intellectual property (IP) games. The company aims to convert successful game launches into sustainable growth in revenue and cash flow.
Average Trading Volume: 447,861
Technical Sentiment Signal: Sell
Current Market Cap: A$94.42M
See more insights into PLY stock on TipRanks’ Stock Analysis page.