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Reedy Lagoon Options Lapse Unexercised Ahead of Year-End

Story Highlights
  • Reedy Lagoon confirms 400,000 RLCAAA options expired unexercised on 31 December 2024.
  • The lapse removes potential dilution but brings no new capital, reflecting limited demand at the strike price.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Reedy Lagoon Options Lapse Unexercised Ahead of Year-End

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Reedy Lagoon Corporation Limited ( (AU:RLC) ) has shared an announcement.

Reedy Lagoon Corporation Limited has reported the expiry of 400,000 listed options (code RLCAAA), which were exercisable at $0.0546 and scheduled to expire on 31 December 2024. The options lapsed without being exercised, resulting in a reduction of potential future dilution for existing shareholders but no immediate change to the company’s current issued share capital or cash position, signaling limited holder appetite at the set exercise price.

More about Reedy Lagoon Corporation Limited

Current Market Cap: A$2.33M

See more data about RLC stock on TipRanks’ Stock Analysis page.

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