AD1 Holdings Ltd (AU:AD1) has released an update.
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AD1 Holdings Limited has increased its share placement to $2.6 million due to high demand from investors, including a significant contribution from a US high-net-worth (HNW) individual, signaling strong support for the company’s expansion in the US. The additional funds will be raised through issuing new shares, with a portion awaiting shareholder approval at an upcoming meeting. Furthermore, the company has completed its acquisition of Oliver Grace Pty Ltd, anticipating cost savings and revenue growth from the merger.
For further insights into AU:AD1 stock, check out TipRanks’ Stock Analysis page.