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Fiji Kava Limited ( (AU:CCO) ) has shared an announcement.
The Calmer Co International Limited has announced a renounceable pro-rata entitlement offer to raise approximately $2.2 million by issuing up to 729,677,511 new shares. The offer is underwritten to $500,000 by Mahe Capital Pty Ltd and includes a Top Up Offer for eligible shareholders to subscribe for additional shares. This initiative aims to enhance the company’s capital structure and provide financial flexibility, potentially impacting its market positioning and shareholder value.
More about Fiji Kava Limited
Technical Sentiment Signal: Buy
Current Market Cap: A$15.32M
For an in-depth examination of CCO stock, go to TipRanks’ Stock Analysis page.