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Nanollose Ltd. ( (AU:NC6) ) has provided an announcement.
Nanollose Limited has announced a non-renounceable rights issue, offering eligible shareholders one new share for every three shares held at a price of $0.016. The company has dispatched letters to both eligible and ineligible shareholders regarding their participation status. This initiative is part of Nanollose’s strategic efforts to enhance its financial standing and support the ongoing development and commercialization of its innovative biomaterials.
More about Nanollose Ltd.
Nanollose Limited is a biomaterials company focused on commercializing technology to produce eco-friendly fibers and materials with minimal environmental impact. They utilize a sustainable fermentation process to create ‘Tree-Free’ cellulose from agricultural waste, which is used in products such as Nullarbor™ fibers and Biollose™ horticultural medium. The company has partnered with Birla Cellulose to further develop their high tenacity lyocell fiber.
YTD Price Performance: -15.00%
Average Trading Volume: 276,407
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.47M
For a thorough assessment of NC6 stock, go to TipRanks’ Stock Analysis page.
