Tinybeans Group Ltd. (AU:TNY) has released an update.
Tinybeans Group Ltd. has announced a fundraising initiative through a 1-for-1.43 entitlement offer at A$0.085 per share to raise A$5.0 million, accompanied by attaching and piggyback options to further encourage investment. Major shareholder Thorney has committed to a $2.0 million take-up, potentially increasing its stake to 28-38.2%. The offer is underwritten by Bell Potter Securities Limited and detailed in a prospectus available on the ASX website.
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