Sovereign Cloud Holdings Ltd. ( (AU:CYB) ) has provided an announcement.
AUCyber Ltd has announced a pro rata renounceable entitlement offer to raise approximately $2.75 million. The offer allows eligible shareholders in Australia and New Zealand to purchase one new share for every 3.57 existing shares at $0.06 per share. This initiative aims to strengthen the company’s financial position and support its operational growth. The entitlement offer is part of the company’s strategy to enhance its market presence and provide value to its stakeholders.
More about Sovereign Cloud Holdings Ltd.
AUCyber Ltd operates in the cybersecurity industry, focusing on providing security solutions and services. The company is listed on the Australian Securities Exchange under the ticker CYB.
YTD Price Performance: -50.67%
Average Trading Volume: 2,193,611
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.1M
See more data about CYB stock on TipRanks’ Stock Analysis page.