Adherium Ltd. (AU:ADR) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Adherium Ltd. announces a non-renounceable entitlement offer to raise approximately $6.8 million before costs by offering new shares and options to current shareholders. The offer, priced at 2 cents per new share with an accompanying option at 3 cents, is fully underwritten by MST Financial Services Pty Ltd and is set to close on 20 May 2024. This strategic move aims to strengthen the company’s financial position and provide growth opportunities.
For further insights into AU:ADR stock, check out TipRanks’ Stock Analysis page.