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The latest update is out from Tinybeans Group ( (AU:TNY) ).
Tinybeans Group Limited has announced a partially underwritten entitlement offer to raise approximately A$3.5 million through the issuance of new shares. This move, supported by Morgans Corporate Limited and Red Leaf Securities Pty Ltd as joint lead managers, aims to bolster the company’s financial standing and expand its market presence. The entitlement offer is open to eligible shareholders and is expected to enhance Tinybeans’ capital structure, potentially impacting its operations and market positioning positively.
More about Tinybeans Group
Tinybeans Group Limited is a global consumer subscription platform that primarily serves Millennial and Gen Z parents and their families. The company offers a private photo-sharing app and media platform that connects families and transforms moments into memories. Founded in Australia in 2012, Tinybeans is recognized for its credible content created by parents and experts, and it has garnered over 150,000 five-star reviews on Apple App and Google Play stores, with users in nearly every country worldwide.
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.