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Rent.com.au Ltd ( (AU:RNT) ) has provided an update.
Rent.com.au has reported that 80% of its listed options, exercisable at $0.04 and expiring on 31 December 2025, were taken up by holders, including major shareholders and most of the board and senior management, signalling strong investor confidence in the group’s strategy and growth trajectory. The remaining 20% of options, covered by an underwriting agreement with Templar Corporate, will result in a further $1.6 million (before costs) being raised by mid-January 2026, leaving the company with about $7.5 million in cash and $5 million in undrawn debt at year-end and placing it in a strong funding position ahead of an expected cashflow break-even within 12 months; management plans to channel the new capital into funding RentBond loans to lower borrowing costs and accelerate profitability and positive operating cashflow.
The most recent analyst rating on (AU:RNT) stock is a Hold with a A$0.06 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 Limited is an Australian online rental marketplace that positions itself as the country’s leading platform for renters. The company focuses on services for tenants and private landlords, including rental search and financial products such as its RentBond® loans, targeting an estimated addressable rental market of more than $85 billion per year.
Average Trading Volume: 2,748,104
Technical Sentiment Signal: Buy
Current Market Cap: A$52.88M
Find detailed analytics on RNT stock on TipRanks’ Stock Analysis page.