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Trendlines Group ( (SG:42T) ) has shared an update.
Trendlines Group Ltd. has entered into a placement agreement with SAC Capital Private Limited, with Maybank Securities Pte. Ltd. acting as sub-placement agent, to place up to 83.68 million new ordinary shares at S$0.067 per share, raising up to S$5.61 million. The placement price represents a 9.03% discount to the previous trading day’s volume-weighted average price, and the new shares will account for about 6.10% of the current share capital (5.75% post-issue), be offered to institutional and accredited investors in Singapore via an exempt offering, and rank pari passu with existing shares except for entitlements declared before completion, implying a modest equity dilution as the company taps capital markets for additional funding.
The most recent analyst rating on (SG:42T) stock is a Hold with a S$0.08 price target. To see the full list of analyst forecasts on Trendlines Group stock, see the SG:42T Stock Forecast page.
More about Trendlines Group
Trendlines Group Ltd. is an Israel-incorporated company listed on the Singapore Exchange, operating through a group structure. It issues ordinary shares traded on the SGX and accesses Singapore’s capital markets to fund its corporate and growth activities.
Average Trading Volume: 11,040,681
Technical Sentiment Signal: Hold
Current Market Cap: S$101.5M
For a thorough assessment of 42T stock, go to TipRanks’ Stock Analysis page.