IPH Ltd. (AU:IPH) has released an update.
IPH Ltd. has announced a capital raising initiative to fund its acquisition of Bereskin & Parr, consisting of an institutional placement and a security purchase plan for existing shareholders. The funds raised will be used for the acquisition’s cash consideration and to reduce company debt. However, IPH cautions that despite due diligence, there are risks involved, including potential undisclosed liabilities or issues that could materially impact the company’s financial performance.
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