Aussie Broadband Ltd. (AU:ABB) has released an update.
Aussie Broadband Ltd. has reported a significant change in its stake in Superloop Limited, with its voting power decreasing from 19.9% to 11.99% due to the sale of shares and dilution from the issuance of additional Superloop shares. The company sold 37,621,056 shares for a total of $49.28 million, at $1.31 per share, causing a dilution of its voting power on March 15, 2024, followed by a sale on April 4, 2024.
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