Lark Distilling Co. Ltd. (AU:LRK) has released an update.
Lark Distilling Co. Ltd. has rolled out a Share Purchase Plan (SPP) for its eligible shareholders in Australia and New Zealand, offering them the chance to buy up to $30,000 worth of new shares without brokerage fees. The shares are offered at $0.85 each, identical to the recent placement price, with the company aiming to raise up to $1 million for brand enhancement, market expansion, and general capital needs. Shareholders can invest in varying parcels, and depending on the response, the company might adjust the total shares allotted or refund excess funds.
For further insights into AU:LRK stock, check out TipRanks’ Stock Analysis page.