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Thrive Tribe Technologies Announces Entitlement Offer to Raise $618,736

Story Highlights
  • Thrive Tribe Technologies is offering new shares to eligible shareholders to raise $618,736.
  • The funds will cover offer costs and working capital, with shares ranking equally with existing ones.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Thrive Tribe Technologies Announces Entitlement Offer to Raise $618,736

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An announcement from Wooboard Technologies Limited ( (AU:1TT) ) is now available.

Thrive Tribe Technologies Limited has announced a non-renounceable pro-rata entitlement offer, allowing eligible shareholders in Australia, New Zealand, and Malaysia to purchase one new share for every two shares held, at a price of $0.003 per share. The offer aims to raise approximately $618,736, which will be used to cover the costs of the offer and for working capital purposes. The offer is not underwritten, and shareholders cannot sell their entitlements on the ASX. The new shares will rank equally with existing shares, and the offer is being conducted without a prospectus, in accordance with the Corporations Act.

More about Wooboard Technologies Limited

Thrive Tribe Technologies Limited is a company focused on building a connected world of thriving individuals and businesses committed to health and wellness. With an emphasis on digital innovation, the company aims to create a vibrant community through its core technology platform, Kumu, which empowers creators and businesses with data-driven insights and engagement tools.

Average Trading Volume: 767,784

Technical Sentiment Signal: Sell

Current Market Cap: A$1.86M

Learn more about 1TT stock on TipRanks’ Stock Analysis page.

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