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The latest announcement is out from Crowd Media Holdings Limited ( (AU:UNT) ).
Unith Ltd has outlined plans for a new capital raising via a proposed issue of up to 10,000,000 ordinary fully paid shares and 16,000,000 options exercisable at $0.013 and expiring on 31 December 2028. The securities are intended to be issued on 15 May 2026 as part of a placement or other type of issue under ASX Listing Rules, indicating the company is seeking additional equity funding and expanding its quoted securities on the market.
The transaction will require ASX quotation for the new securities, with Unith committing to lodge the necessary follow-up forms once the final numbers are confirmed. This proposed issue could dilute existing shareholders but provides the company with flexibility to strengthen its balance sheet, fund operations or growth initiatives, and potentially enhance trading liquidity for both its shares and options.
More about Crowd Media Holdings Limited
Unith Ltd is an Australia-listed company trading under the ticker UNT on the ASX. The firm has ordinary fully paid shares on issue and also uses listed options as part of its capital structure, positioning it to access equity markets for funding as needed.
Average Trading Volume: 1,944,354
Technical Sentiment Signal: Sell
Current Market Cap: A$15.23M
See more data about UNT stock on TipRanks’ Stock Analysis page.