Adherium Ltd. (AU:ADR) has released an update.
Adherium Ltd. announces a non-renounceable entitlement offer to raise approximately $6.8 million before costs by offering new shares and options to current shareholders. The offer, priced at 2 cents per new share with an accompanying option at 3 cents, is fully underwritten by MST Financial Services Pty Ltd and is set to close on 20 May 2024. This strategic move aims to strengthen the company’s financial position and provide growth opportunities.
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