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Rent.com.au Ltd ( (AU:RNT) ) has provided an update.
Rent.com.au Limited has successfully completed its non-renounceable entitlement issue, raising approximately $1.7 million before costs. The funds will be primarily used to enhance the company’s capability to assess customers for and fund loans under its RentBond brand, as well as for general working capital. This financial move is expected to bolster the company’s operations and potentially strengthen its position in the rental services market.
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 and solutions tailored to the needs of the rental market in Australia.
YTD Price Performance: -10.0%
Average Trading Volume: 418,147
Technical Sentiment Signal: Buy
Current Market Cap: A$14.28M
Learn more about RNT stock on TipRanks’ Stock Analysis page.