Zoono Group Initiates Rights Issue to Raise $1.78 Million

Zoono Group Limited ( (AU:ZNO) ) just unveiled an announcement.

Zoono Group Limited has announced a pro rata non-renounceable rights issue, offering one new share for every seven existing shares at $0.035 per share, aiming to raise approximately $1.78 million. This capital raising initiative is intended to strengthen the company’s financial position, potentially enhancing its market presence and operational capabilities, while also presenting speculative investment opportunities for shareholders.

More about Zoono Group Limited

Zoono Group Limited operates in the biotechnology industry, focusing on the development and distribution of antimicrobial solutions. The company’s primary products are based on its proprietary Zoono technology, which provides long-lasting protection against germs and pathogens. Zoono targets both consumer and commercial markets, emphasizing hygiene and safety across various sectors.

Average Trading Volume: 721,286

Technical Sentiment Signal: Hold

Current Market Cap: A$11.37M

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