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Zoono Group Limited ( (AU:ZNO) ) has issued an announcement.
Zoono Group Limited has successfully raised an additional A$992,000 through a shortfall offer placement, bringing the total raised under the rights offer to A$1.78 million. The funds, along with incentive targets, are aimed at accelerating the company’s shelf-life extension technology for food producers and expanding marketing efforts in key Asian markets. This strategic move is expected to bolster Zoono’s operational capabilities and strengthen its position in the biotech industry, potentially benefiting stakeholders by enhancing product offerings and market reach.
More about Zoono Group Limited
Zoono Group Limited is a global biotech company specializing in the development, manufacturing, and distribution of long-lasting and environmentally-friendly antimicrobial solutions. Their products, including sprays, wipes, and foams, are designed for skin care, surface sanitization, and mould remediation, utilizing a unique antimicrobial molecule known as the ‘zoono molecule’. Headquartered in New Zealand, Zoono’s mission is to enhance health and well-being through innovative, safe, and durable germ protection, with products available worldwide.
Average Trading Volume: 343,453
Technical Sentiment Signal: Sell
Current Market Cap: A$12.47M
Learn more about ZNO stock on TipRanks’ Stock Analysis page.