Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mighty Kingdom Ltd ( (AU:MKL) ) has provided an announcement.
Mighty Kingdom Limited announced a capital-raising initiative through an institutional placement and an accelerated non-renounceable entitlement offer, aiming to raise approximately $1.35 million. The offer is available to eligible institutional and retail shareholders in Australia, with a share price set at $0.005. However, shareholders outside Australia or those not meeting specific eligibility criteria will not be able to participate. This move is expected to strengthen the company’s financial position and support its operational growth, although it limits participation to domestic stakeholders.
More about Mighty Kingdom Ltd
Mighty Kingdom Limited operates in the entertainment industry, focusing on the development and distribution of digital games. The company is known for creating engaging and interactive gaming experiences, targeting a diverse market of gamers globally.
Technical Sentiment Signal: Buy
Current Market Cap: A$3.46M
For a thorough assessment of MKL stock, go to TipRanks’ Stock Analysis page.