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ReNu Energy Limited ( (AU:RNE) ) just unveiled an announcement.
ReNu Energy Limited has announced an extension of its offers under the prospectus initially released on 25 February 2025. The extension, detailed in a fourth supplementary prospectus, moves the closing date to 7 May 2025, allowing more time to finalize arrangements with strategic investors. The capital raising offer aims to issue between 40 and 50 million new shares at $0.20 each, potentially raising up to $10 million. This extension could impact the company’s market positioning by securing additional strategic investments, potentially enhancing its operational capabilities and shareholder value.
More about ReNu Energy Limited
ReNu Energy Limited is a company operating in the energy sector, focusing on renewable energy solutions. It is listed on the Australian Securities Exchange (ASX) under the ticker RNE.
Technical Sentiment Signal: Buy
Current Market Cap: $1.1M
For detailed information about RNE stock, go to TipRanks’ Stock Analysis page.