Raytech Holding Limited (RAY) has released an update.
Raytech Holding Limited has entered into an underwriting agreement with Revere Securities LLC and other underwriters to issue and sell 1.5 million ordinary shares, with an over-allotment option for an additional 225,000 shares. The offering is supported by a Registration Statement effective as of May 13, 2024, ensuring compliance with the Securities Act and contains no material misstatements or omissions. This strategic move aims to bolster Raytech’s financial position and market presence.
For further insights into RAY stock, check out TipRanks’ Stock Analysis page.
