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Tinybeans Group ( (AU:TNY) ) has provided an announcement.
Tinybeans Group Limited has announced a partially underwritten non-renounceable entitlement offer to raise approximately A$3.5 million. The funds will be used to integrate Qeepsake, a recent acquisition, into Tinybeans’ platform, enhance product development, and support marketing initiatives. This move is expected to strengthen Tinybeans’ leadership in the digital family memory market and provide flexibility for future growth, particularly in North America.
More about Tinybeans Group
Tinybeans Group Limited is a leading global privacy-first family photo-sharing and memory platform. The company focuses on the digital family memory market, offering products that enhance privacy-first parenting and lifestyle technology. Tinybeans aims to diversify subscription revenue, enhance product offerings, and expand its presence, particularly in North America.
YTD Price Performance: 100%
Average Trading Volume: 159,609
Technical Sentiment Signal: Buy
Current Market Cap: A$21.51M
Learn more about TNY stock on TipRanks’ Stock Analysis page.