icetana Limited Launches Entitlement Offer to Raise A$2.65 Million

iCetana Ltd. ( (AU:ICE) ) has shared an update.

icetana Limited has announced a renounceable pro-rata entitlement offer to raise approximately A$2.65 million through the issuance of new ordinary shares priced at A$0.02 each. This offer is fully underwritten by Lance East Holdings Pty Ltd and does not require a prospectus, targeting shareholders in Australia, New Zealand, and Japan. The initiative aims to strengthen the company’s financial position, although ineligible shareholders, primarily those outside the specified regions, will not be able to participate due to regulatory and cost considerations.

More about iCetana Ltd.

icetana Limited operates in the technology sector, specializing in video analytics solutions that enhance security and surveillance capabilities. The company focuses on providing intelligent video monitoring systems that can detect unusual behavior in real-time, primarily targeting industries such as security, transportation, and logistics.

YTD Price Performance: -25.00%

Average Trading Volume: 543,581

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$3.97M

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