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Somnomed Limited Plans Major Securities Issue
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Somnomed Limited Plans Major Securities Issue

Somnomed Limited (AU:SOM) has released an update.

Somnomed Limited has announced a new accelerated non-renounceable entitlement offer, proposing the issue of up to 107,516,234 ordinary fully paid securities. Key dates include an ex-entitlement trading resumption on April 10, 2024, with the offer closing for retail security holders on May 1, 2024, and issue date set for May 8, 2024.

For further insights into AU:SOM stock, check out TipRanks’ Stock Analysis page.

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