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Halo Technologies Holdings Ltd ( (AU:HAL) ) has provided an announcement.
Halo Technologies Holdings Ltd has announced a rights issue offer to raise up to $11 million through a renounceable pro rata offer to eligible shareholders. The offer, partially underwritten by Lodge Corporate Pty Ltd, allows shareholders to purchase 3.56 new shares for every existing share at $0.024 per share. This strategic move aims to bolster the company’s financial standing and potentially enhance its market position, although the shares are speculative in nature. The offer is not extended to shareholders outside Australia and New Zealand, reflecting regulatory and cost considerations.
More about Halo Technologies Holdings Ltd
Average Trading Volume: 52,517
Technical Sentiment Signal: Sell
See more data about HAL stock on TipRanks’ Stock Analysis page.