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Urbanise.com ( (AU:UBN) ) has shared an announcement.
Urbanise.com Limited has announced the issuance of 11,796,136 fully paid ordinary shares at $0.747 per share, alongside 2,314,145 shares from the exercise of unlisted options, as part of a subscription agreement with National Australia Investment Capital Pty Ltd. This move, executed without disclosure to investors under the Corporations Act, signifies a strategic financial maneuver to potentially bolster the company’s capital, reflecting its compliance with regulatory requirements and potentially impacting its market positioning and stakeholder interests.
More about Urbanise.com
Urbanise.com Limited operates in the technology industry, providing cloud-based software solutions primarily for the facilities management and strata management sectors. The company focuses on enhancing operational efficiency and service delivery for property managers and building owners.
Average Trading Volume: 10,428
Technical Sentiment Signal: Hold
Current Market Cap: A$45.16M
Find detailed analytics on UBN stock on TipRanks’ Stock Analysis page.