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Prospech Ltd. ( (AU:PRS) ) just unveiled an announcement.
Prospech Ltd. has issued a Supplementary Prospectus to address excess demand under its Shortfall Offer, resulting in the issuance of additional securities. The company raised $716,387 from the Shortfall Offer and $546,750 from a Follow-on Placement, utilizing its capacity under Listing Rules 7.1 and 7.1A. These funds will be used for purposes outlined in the Prospectus. The issuance of 2 million New Options is subject to shareholder approval, with alternatives in place if approval is not granted. The company’s capital structure has been updated to reflect these changes, with a total of 523,511,881 shares and 84,683,604 options now on issue.
More about Prospech Ltd.
Average Trading Volume: 570,583
Technical Sentiment Signal: Sell
Current Market Cap: A$8.77M
For a thorough assessment of PRS stock, go to TipRanks’ Stock Analysis page.