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Rent.com.au Announces $1.7 Million Entitlement Offer

Story Highlights
  • Rent.com.au Limited is launching a pro-rata entitlement issue to raise $1.7 million.
  • The offer includes new shares and options to bolster the company’s financial standing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rent.com.au Announces $1.7 Million Entitlement Offer

Rent.com.au Ltd ( (AU:RNT) ) has provided an update.

Rent.com.au Limited has announced a non-renounceable, pro-rata entitlement issue to raise approximately $1.7 million. The offer allows eligible shareholders to purchase one new share for every eight shares held, along with a free attaching option for every two shares subscribed. This initiative aims to strengthen the company’s financial position and support its operational goals.

More about Rent.com.au Ltd

Rent.com.au Limited operates in the real estate industry, focusing on providing online rental property listings and related services. The company primarily targets the Australian market, offering a platform for renters to find properties and for property owners and managers to list rental properties.

YTD Price Performance: -10.0%

Average Trading Volume: 401,613

Technical Sentiment Signal: Buy

Current Market Cap: A$15.35M

See more data about RNT stock on TipRanks’ Stock Analysis page.

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