Terragen Holdings Ltd (AU:TGH) has released an update.
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Terragen Holdings Ltd has launched an equity raising initiative, aiming to gather approximately A$4.77 million through a mix of institutional placement and a retail entitlement offer. The company plans to issue around 135.9 million new shares, representing about 36.8% of its existing capital. The entitlement offer is underwritten by Morgans Corporate Limited, while the institutional placement is not.
For further insights into AU:TGH stock, check out TipRanks’ Stock Analysis page.