Orbital Corporation Limited (AU:OEC) has released an update.
Orbital Corporation Limited has announced a one-for-eight entitlement offer aiming to raise up to A$2 million by issuing new shares at A$0.11 each. While eligible shareholders in select countries can participate, others will have their entitlements sold through a nominee, with proceeds distributed after sale expenses. This move highlights the company’s strategy to raise capital while navigating complex international regulatory environments.
For further insights into AU:OEC stock, check out TipRanks’ Stock Analysis page.
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