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An update from Tinybeans Group ( (AU:TNY) ) is now available.
Tinybeans Group Limited has announced an approximately A$3.5 million entitlement offer of new fully paid ordinary shares at A$0.10 per share. The offer is a partially underwritten 1-for-4.7 pro rata non-renounceable entitlement offer, expected to issue around 35.53 million new shares, which will constitute about 21.3% of the company’s existing issued capital. Morgans Corporate Limited and Red Leaf Securities Pty Ltd are acting as joint lead managers, with Morgans Corporate Limited also serving as the underwriter. The offer is not available to shareholders outside Australia and New Zealand due to legal and regulatory requirements.
More about Tinybeans Group
Tinybeans Group Limited is a global consumer subscription platform that primarily serves Millennial and Gen Z parents and their families. It offers a private photo-sharing app and media platform that connects families and helps turn moments into memories. Founded in Australia in 2012, Tinybeans is trusted by parents worldwide and is known for its insightful and credible content.
YTD Price Performance: 72.88%
Average Trading Volume: 153,227
Technical Sentiment Signal: Buy
Current Market Cap: A$20.76M
See more data about TNY stock on TipRanks’ Stock Analysis page.