Arena REIT (AU:ARF) has released an update.
Arena REIT has announced a new securities issuance, proposing the offer of over 5 million securities under a securities purchase plan, alongside a separate placement of approximately 31.7 million securities. The record date for the purchase plan is set for July 22, 2024, with the issue date for both the purchase plan and placement scheduled for late August 2024. This move aims to bolster the company’s capital and offers an opportunity for investors to engage with Arena REIT’s growth.
For further insights into AU:ARF stock, check out TipRanks’ Stock Analysis page.
