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Wrkr Ltd ( (AU:WRK) ) has provided an update.
Wrkr Ltd has issued 90,909,091 new ordinary shares to the sellers of PaidRight Holdings Pty Ltd, doing so without a prospectus or disclosure document under provisions that allow placements to sophisticated and professional investors. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and stated that there is no excluded information that must be disclosed, signalling that the share issue to fund the PaidRight transaction has been structured within standard regulatory frameworks and should not be based on undisclosed price-sensitive information for existing shareholders.
The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.
More about Wrkr Ltd
Wrkr Ltd is an Australian-listed company that operates in the technology and services space, though this notice does not specify its precise industry segment or core products. It is listed on the ASX and subject to the continuous disclosure and reporting obligations of the Corporations Act, indicating it is an established participant in its market with responsibilities to public shareholders and regulators.
Average Trading Volume: 1,063,868
Technical Sentiment Signal: Buy
Current Market Cap: A$285.7M
Learn more about WRK stock on TipRanks’ Stock Analysis page.