Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Stealth Global Holdings Ltd. ( (AU:SGI) ).
Stealth Group Holdings Ltd has successfully completed a capital raising initiative, securing $7.5 million from institutional and sophisticated investors through the issuance of 12.5 million fully paid ordinary shares at 60 cents per share. This move, announced on April 22, 2025, and effective from April 30, 2025, is expected to bolster the company’s financial standing and operational capabilities. The capital raising aligns with Stealth’s strategic goals and may enhance its market positioning, providing potential benefits to its stakeholders by expanding its product offerings and improving service delivery.
More about Stealth Global Holdings Ltd.
Stealth Group Holdings is a prominent Australian multi-sector distribution company that offers a diverse range of industrial, automotive, workplace, and consumer safety products and solutions. The company serves businesses, trade professionals, and retail consumers through an omni-channel model that includes a large sales force, contact centers, physical stores, and online platforms. Stealth operates two divisions, Industrial and Consumer, and stocks over 200,000 products while sourcing an additional 300,000 non-stocked items on demand. The company also utilizes a drop-shipping model to enhance delivery efficiency and offers exclusive and private label brands.
YTD Price Performance: 62.79%
Average Trading Volume: 292,265
Technical Sentiment Signal: Sell
Current Market Cap: A$81.92M
Learn more about SGI stock on TipRanks’ Stock Analysis page.