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My Rewards International Limited ( (AU:MRI) ) has provided an update.
My Rewards International Limited has announced a non-renounceable entitlement offer to raise approximately $4.12 million, with $3.4 million underwritten. The funds will primarily be used for debt reduction, marketing, and working capital. This move is expected to strengthen the company’s financial position and potentially enhance its market presence, although shareholders who do not participate may face dilution of their equity.
More about My Rewards International Limited
My Rewards International Limited operates in the financial sector, focusing on providing rewards and loyalty programs. The company aims to enhance customer engagement through innovative solutions tailored to various markets.
Average Trading Volume: 20,000
Technical Sentiment Signal: Sell
For detailed information about MRI stock, go to TipRanks’ Stock Analysis page.