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An announcement from Zoono Group Limited ( (AU:ZNO) ) is now available.
Zoono Group Limited has announced a non-renounceable rights issue to raise up to $1.78 million, offering shareholders the opportunity to purchase one new share for every seven held at a price of $0.035 per share. The funds will be used primarily for a supermarket shelf-life extension project in China and India, debt repayment, patent protection, and working capital, potentially enhancing the company’s market position and operational capabilities.
More about Zoono Group Limited
Zoono Group Limited is a global biotech company specializing in the development, manufacturing, and distribution of scientifically validated antimicrobial solutions. Their products, which include sprays, wipes, and foams, are designed for skin care, surface sanitization, and mold remediation, utilizing the unique ‘ZOONO molecule’ for long-lasting and environmentally friendly germ protection.
Average Trading Volume: 721,286
Technical Sentiment Signal: Hold
Current Market Cap: A$11.37M
See more insights into ZNO stock on TipRanks’ Stock Analysis page.