KNeoMedia Limited (AU:KNM) has released an update.
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KNeoMedia Limited is set to raise $1.245 million through a fully underwritten entitlement offer, allowing eligible shareholders to subscribe for 3.5 new shares for every 10 shares they hold. The funds will be directed towards advancing the company’s KneoScience and KneoWorld platforms, managing debt, and covering general expenses. This strategic move highlights KNeoMedia’s commitment to growth and innovation in the tech space.
For further insights into AU:KNM stock, check out TipRanks’ Stock Analysis page.
