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Stocks of the Hour: Next Science, Netlinkz, Diverger

sharecafe ·  Sep 21, 2023 21:50

Next Science (ASX:NXS) announced the successful completion of the Next Science Share Purchase Plan Offer (SPP) and US Offer which opened on 1 September 2023 and closed on 18 September 2023. In response, Managing Director, I.V. Hall said, "the A$21.5m in total funds raised under the Placement, SPP and US Offer derisks Next Science's balance sheet and ensures that we are well placed to fund the promotion of XPERIENCE research." Shares are trading 3.06 per cent lower at 47.5 cents.

Netlinkz (ASX:NET) announced a capital raising the Company is undertaking to fund its initiatives over the next 24 months. This includes engagement with SpaceX as a global distributor/reseller of the "enterprise" Starlink satellite transponder and related sales and partnership arrangements with HGC Global of Hong Kong. Shares are trading flat at 0.6 cents.

Diverger Limited (ASX:DVR) has entered into a binding Scheme Implementation Agreement with Count (ASX:CUP), under which Count will acquire 100% of the fully diluted share capital in Diverger by way of a Scheme of Arrangement. The Scheme is unanimously recommended by the Diverger Board of Directors and is supported by Diverger's largest shareholder, HUB24. Shares are trading 13.97 per cent higher at $1.02.

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