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The latest update is out from Rent.com.au Ltd ( (AU:RNT) ).
Rent.com.au Ltd has announced a proposed issue of up to 6,724,667 new options as part of a placement or other type of capital issue. The options, which will have an exercise price of $0.075 and an expiry date of 31 December 2027, represent a potential future source of equity funding and may modestly dilute existing shareholders if exercised, supporting the company’s flexibility in financing its ongoing operations and growth initiatives in the rental property technology sector.
The most recent analyst rating on (AU:RNT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Rent.com.au Ltd stock, see the AU:RNT Stock Forecast page.
More about Rent.com.au Ltd
Rent.com.au Ltd is an ASX-listed online real estate platform focused on the Australian rental market, providing digital services that connect renters, property owners and real estate agents. Through its marketplace and associated tools, the company targets residential rental listings and related services, aiming to streamline the search and leasing process for tenants nationwide.
Average Trading Volume: 2,755,125
Technical Sentiment Signal: Buy
Current Market Cap: A$53.78M
Learn more about RNT stock on TipRanks’ Stock Analysis page.