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Wooboard Technologies Limited ( (AU:1TT) ) has issued an announcement.
Thrive Tribe Technologies Limited has announced a non-renounceable pro-rata entitlement offer, allowing eligible shareholders to acquire one new fully paid ordinary share for every two existing shares at an offer price of $0.003 per share. This move aims to raise capital without affecting the control of the company, provided all eligible shareholders participate. However, if there is a shortfall, shareholders who do not fully subscribe may experience dilution, and new investors could potentially gain a substantial interest.
More about Wooboard Technologies Limited
Average Trading Volume: 767,784
Technical Sentiment Signal: Sell
Current Market Cap: A$1.44M
For detailed information about 1TT stock, go to TipRanks’ Stock Analysis page.