Orbital Corporation Limited (AU:OEC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
