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An update from Swoop Holdings Limited ( (AU:SWP) ) is now available.
Swoop Holdings Limited has successfully completed the institutional component of its entitlement offer, raising approximately $2.8 million through the issuance of new shares at $0.10 each. This move is part of a larger partially underwritten entitlement offer aimed at raising additional capital, with the retail component expected to raise up to $7.2 million. The completion of this institutional component strengthens Swoop’s financial position and supports its strategic initiatives, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:SWP) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Swoop Holdings Limited stock, see the AU:SWP Stock Forecast page.
More about Swoop Holdings Limited
Average Trading Volume: 98,067
Technical Sentiment Signal: Sell
Current Market Cap: A$32.17M
Find detailed analytics on SWP stock on TipRanks’ Stock Analysis page.