PhosCo Ltd ( (AU:PHO) ) just unveiled an announcement.
PhosCo Ltd has announced a series of financial offers, including a non-renounceable rights issue to raise approximately $5 million, fully underwritten by Westar Capital Limited. This initiative, alongside additional oversubscription and conversion options, aims to enhance the company’s capital structure and provide investment opportunities for stakeholders, potentially impacting its market positioning and shareholder value.
More about PhosCo Ltd
PhosCo Ltd operates in the financial services industry, focusing on capital raising and investment opportunities. The company offers various financial products and services, including entitlement offers, oversubscription offers, and conversion options, targeting shareholders and investors interested in capital growth.
YTD Price Performance: -4.29%
Average Trading Volume: 83,110
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$19.16M
For a thorough assessment of PHO stock, go to TipRanks’ Stock Analysis page.
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