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Food Revolution Group Ltd. ( (AU:SPG) ) has shared an update.
SPC Global Holdings Limited has opened a fully underwritten pro rata renounceable entitlement offer to raise approximately $97.1 million, giving eligible shareholders the right to buy one new share for every 0.1993 shares held at an offer price of $0.10. The offer, which includes the ability for fully participating eligible shareholders to apply for additional shares subject to any shortfall, runs from 22 May to 2 June 2026, potentially strengthening SPC Global’s balance sheet and funding capacity while modestly diluting existing holdings for those who do not participate.
The entitlement offer is accessible to shareholders with registered addresses in Australia or New Zealand, or otherwise deemed eligible, excluding investors in the United States and subject to local securities laws. Trading of rights, a shortfall bookbuild, settlement and the start of normal trading for the new shares are scheduled through mid June 2026, though the company has reserved broad discretion to alter the timetable, extend, scale back allocations or withdraw the offer before new shares are issued.
The most recent analyst rating on (AU:SPG) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Food Revolution Group Ltd. stock, see the AU:SPG Stock Forecast page.
More about Food Revolution Group Ltd.
SPC Global Holdings Limited is a leading Australian food and beverage manufacturer, focused on supplying packaged foods and drinks to domestic and New Zealand markets, with its shares listed on the ASX under the ticker SPG.
Average Trading Volume: 149,567
Technical Sentiment Signal: Sell
Current Market Cap: A$133.9M
See more insights into SPG stock on TipRanks’ Stock Analysis page.