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Tinybeans Group ( (AU:TNY) ) has shared an update.
Tinybeans Group Limited has completed its Entitlement Offer, raising approximately A$1.7 million, which includes A$1.1 million from eligible shareholders and A$500,000 underwritten by Morgans Corporate Limited and sub-underwritten by Thorney Investment Group. The funds will support working capital and growth initiatives, including the integration of Qeepsake features. The shortfall of A$1.8 million is expected to be placed within three months, potentially increasing Thorney Investment Group’s voting power to 31.037%.
More about Tinybeans Group
Tinybeans Group Limited operates in the digital technology industry, providing a platform for family-focused journaling and photo-sharing. The company is known for its Tinybeans app, which allows parents to capture and share their children’s moments securely. Tinybeans is expanding its market focus by integrating Qeepsake’s journaling features and subscriber base into its platform.
YTD Price Performance: 64.41%
Average Trading Volume: 153,699
Technical Sentiment Signal: Hold
Current Market Cap: A$19.65M
For an in-depth examination of TNY stock, go to TipRanks’ Overview page.