Zoono Group Initiates $1.78M Equity Raising Through Rights Issue

An announcement from Zoono Group Limited ( (AU:ZNO) ) is now available.

Zoono Group Limited has announced an equity raising of approximately $1,777,169 through a non-renounceable Rights Issue, offering one new share for every seven shares held to eligible shareholders in select countries. This initiative is expected to maintain shareholder ownership percentages if fully subscribed and is not anticipated to materially affect the company’s control, showcasing Zoono’s strategic financial maneuvering to bolster its market position.

More about Zoono Group Limited

Zoono Group Limited is a global biotech company specializing in the development, manufacturing, and distribution of long-lasting, environmentally friendly antimicrobial solutions. Their product range includes sprays, wipes, and foams for skin care, surface sanitization, and mold remediation, utilizing a unique antimicrobial molecule that effectively eliminates various pathogens. The company is headquartered in New Zealand and operates globally, with products supported by independent laboratory testing and numerous regulatory approvals.

Average Trading Volume: 721,286

Technical Sentiment Signal: Hold

Current Market Cap: A$11.37M

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