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Prophecy International Holdings Ltd ( (AU:PRO) ) has issued an update.
Prophecy International Holdings has completed a $0.975 million equity raising through a share placement of 6.5 million new shares at $0.15 each, representing a significant premium to both its last traded price and 10-day VWAP. The funds will be applied primarily to additional working capital, strengthening the company’s balance sheet and operational flexibility.
The placement was executed in a single tranche to an existing sophisticated investor under the company’s ASX Listing Rule 7.1 capacity, with all new shares expected to be allotted on 5 March 2026. The investor has also been granted an option to subscribe for a further 3.5 million shares at the same price within nine months, signaling continued support from key capital providers and potential further funding for the business.
The most recent analyst rating on (AU:PRO) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Prophecy International Holdings Ltd stock, see the AU:PRO Stock Forecast page.
More about Prophecy International Holdings Ltd
Prophecy International Holdings Ltd is an Australia-based business software developer listed on the ASX under ticker PRO. The company focuses on enterprise solutions through brands such as Intersect Alliance and Emite, targeting corporate and institutional customers that require advanced software tools and analytics.
Average Trading Volume: 139,429
Technical Sentiment Signal: Sell
Current Market Cap: A$8.48M
For detailed information about PRO stock, go to TipRanks’ Stock Analysis page.