The latest update is out from ReNu Energy Limited ( (AU:RNE) ).
ReNu Energy Limited has announced an extension of its capital raising and ancillary offers under a prospectus, allowing more time for key investors to apply for new shares. The extension aims to raise between $8 million and $10 million, with the new closing date set for April 17, 2025. The company plans to issue new shares and options by April 24, 2025, and expects to resume trading on the ASX by April 30, 2025. This move is part of ReNu Energy’s strategic efforts to strengthen its financial position and enhance its market presence.
More about ReNu Energy Limited
ReNu Energy Limited operates in the renewable energy sector, focusing on providing sustainable energy solutions. The company is involved in capital raising activities to support its growth and expansion within the industry.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.06M
For an in-depth examination of RNE stock, go to TipRanks’ Stock Analysis page.