Traffic Technologies Ltd (AU:TTI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Traffic Technologies Ltd has launched a non-renounceable pro-rata entitlement offer, allowing eligible shareholders to subscribe for new shares on a 1-for-2 basis, with the added benefit of a free attaching option for each share. The offer aims to raise approximately $2.8 million to bolster the company’s working capital, amid strong demand and significant government investment in road infrastructure. This financial move is part of the company’s broader strategy to optimize its working capital facilities and enhance customer service capabilities.
For further insights into AU:TTI stock, check out TipRanks’ Stock Analysis page.