Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd has announced a pro-rata entitlement offer, allowing eligible shareholders to purchase one new share for every two shares they hold at an issue price of $0.005. The offer includes a free attaching option for each new share, aiming to raise approximately $2.8 million to fund equipment purchases and working capital. This initiative could be of significant interest to investors, looking to capitalize on the company’s growth potential.
For further insights into AU:TTI stock, check out TipRanks’ Stock Analysis page.