Terragen Holdings Completes $1.54 Million Retail Entitlement Offer

An update from Terragen Holdings Ltd ( (AU:TGH) ) is now available.

Terragen Holdings Limited has successfully completed the retail component of its fully underwritten 1-for-3.22 accelerated non-renounceable entitlement offer, raising approximately $1.54 million. The funds will support scientific research, global commercialization opportunities, working capital, and transaction costs. The offer was subscribed by eligible retail shareholders in Australia and New Zealand, with provisions for additional shares through an oversubscription facility. The completion of this offer strengthens Terragen’s financial position, enabling further advancements in their agricultural product offerings and potentially enhancing their market presence.

More about Terragen Holdings Ltd

Terragen Holdings Limited is a company focused on the development of biological products that enhance animal and plant health for agricultural use. Their proprietary research has resulted in innovative products like Ruminant Probiotic and Great Land Plus (GLP), which are designed to improve livestock and crop yields while delivering environmental benefits such as reduced methane production and decreased reliance on chemical fertilizers. These products are currently available in Australia and New Zealand.

YTD Price Performance: -7.69%

Average Trading Volume: 135,841

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$16.6M

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