Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Rent.com.au Ltd ( (AU:RNT) ) has issued an update.
Rent.com.au Limited has successfully closed its non-renounceable entitlement issue, raising approximately $1.7 million before costs. The funds will primarily be used to establish the capability to assess customers for and fund loans under the RentBond brand, as well as for general working capital purposes. The Rights Issue offered shareholders the opportunity to subscribe for new shares and attaching options, with the company’s directors, CEO, and largest shareholder participating in the offer. The issue was fully underwritten by RM Corporate Finance Pty Ltd, ensuring all shortfall shares are allocated to sub-underwriters or nominees.
More about Rent.com.au Ltd
Rent.com.au Limited is an Australian company that operates a website specifically designed for renters. The company focuses on providing services related to rental properties and aims to enhance the renting experience for its users.
YTD Price Performance: -15.00%
Average Trading Volume: 407,253
Technical Sentiment Signal: Buy
Current Market Cap: A$16.21M
For detailed information about RNT stock, go to TipRanks’ Stock Analysis page.