SkyFii Limited Expands Capital Through SPP

SkyFii Limited (AU:BEO) has released an update.

SkyFii Limited is seeking to bolster its financial position by conducting a Share Purchase Plan (SPP) aimed at raising an additional A$500,000, following a successful two-tranche placement that raised A$5 million. Eligible shareholders can invest up to A$30,000 in new shares, receiving 1 option for every 2 shares under the SPP, with Alpine Capital and Canaccord Genuity as joint lead managers. The company advises that this investment should be considered speculative and involves risks detailed in their latest Prospectus.

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