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Tivan Limited ( (AU:TVN) ) just unveiled an update.
Tivan Limited is undertaking a non-underwritten placement of new fully paid ordinary shares to raise A$9 million from sophisticated and professional investors, with each two new shares offering one free attaching option. This equity raising effort, managed by Evolution Capital Pty Ltd, aims to strengthen Tivan’s financial position and potentially enhance its market operations by offering new options that are anticipated to be quoted on the ASX, providing a strategic opportunity for stakeholders.
More about Tivan Limited
YTD Price Performance: 1.67%
Average Trading Volume: 6,764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $133.2M
For an in-depth examination of TVN stock, go to TipRanks’ Stock Analysis page.