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Tinybeans Group ( (AU:TNY) ) has shared an announcement.
Tinybeans Group Limited has announced a A$3.5 million entitlement offer of new fully paid ordinary shares at A$0.10 per share. This offer is partially underwritten by Morgans Corporate Limited and sub-underwritten by Thorney Investment Group, Tinybeans’ largest shareholder. The entitlement offer includes a shortfall facility allowing eligible shareholders to subscribe for additional shares beyond their entitlement. This move is expected to raise approximately 17.5% of the company’s issued shares post-completion, potentially impacting the control of the company depending on shareholder uptake.
More about Tinybeans Group
Tinybeans Group Limited operates in the digital parenting industry, providing a platform for parents to capture, share, and organize their children’s moments. The company focuses on offering a safe and secure environment for family photo sharing and memory keeping.
YTD Price Performance: 100%
Average Trading Volume: 159,609
Technical Sentiment Signal: Buy
Current Market Cap: A$21.51M
Find detailed analytics on TNY stock on TipRanks’ Stock Analysis page.