Orbital Corporation Limited (AU:OEC) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Orbital Corporation Limited has announced a one-for-eight entitlement offer aiming to raise up to A$2 million by issuing new shares at A$0.11 each. While eligible shareholders in select countries can participate, others will have their entitlements sold through a nominee, with proceeds distributed after sale expenses. This move highlights the company’s strategy to raise capital while navigating complex international regulatory environments.
For further insights into AU:OEC stock, check out TipRanks’ Stock Analysis page.