TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Swoop Holdings Limited ( (AU:SWP) ) has shared an update.
Swoop Holdings Limited has announced an accelerated, non-renounceable, pro rata entitlement offer to raise approximately $10 million. This offer will issue up to 100,223,654 new shares at $0.10 each, managed and partially underwritten by MA Moelis Australia Advisory Pty Ltd. The initiative is not expected to significantly affect the company’s control structure, as it allows shareholders to subscribe based on their existing holdings.
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
Swoop Holdings Limited is a national provider of data, mobile, and voice services, catering to channel, business, and residential customers. The company focuses on its own fibre and fixed wireless infrastructure, aiming to deliver ultra-reliable, high throughput, and flexible telecom network services. Swoop aspires to become Australia’s leading challenger in the internet and telecommunications sector.
Average Trading Volume: 98,552
Technical Sentiment Signal: Sell
Current Market Cap: A$32.17M
For an in-depth examination of SWP stock, go to TipRanks’ Overview page.