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ESGL Holdings ( (ESGL) ) just unveiled an update.
ESGL Holdings Limited announced a private placement involving the issuance of 37,500,000 ordinary shares to accredited investors at $0.80 per share. The first closing on January 18, 2025, resulted in the issuance of 375,000 shares with $375,000 in gross proceeds. The second tranche is expected by April 22, 2025, with the company planning to use 20% of proceeds for working capital and 80% for strategic mergers and acquisitions. The transaction is expected to strengthen ESGL Holdings’ financial position and support its growth strategy through acquisitions, enhancing its market competitiveness.
More about ESGL Holdings
YTD Price Performance: -18.18%
Average Trading Volume: 12,719
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $43.46M
For a thorough assessment of ESGL stock, go to TipRanks’ Stock Analysis page.
