Senetas Corporation Limited (AU:SEN) has released an update.
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Senetas Corporation Limited has announced an underwriting agreement with Taylor Collison Limited to cover the exercise of its unquoted options, potentially raising up to $1.45 million. The agreement ensures that unexercised options will be converted into shares, with the underwriter subscribing to these shares if necessary. The funds raised will be used for general working capital purposes.
For further insights into AU:SEN stock, check out TipRanks’ Stock Analysis page.