ZIMI Ltd (AU:ZMM) has released an update.
Zimi Limited has completed the institutional phase of its $2.53 million accelerated entitlement offer without raising any proceeds, setting the stage for the upcoming retail component. Retail shareholders in Australia or New Zealand are invited to partake in the offer, subscribing for two new shares per existing share at $0.01. The retail offer period commences on 29 August and concludes on 26 September, with the option for shareholders to subscribe for additional shares beyond their entitlement in a retail shortfall facility.
For further insights into AU:ZMM stock, check out TipRanks’ Stock Analysis page.
