Weebit Nano Launches AU$15 Million Share Purchase Plan
MT Newswires Live
Apr 07
Weebit Nano (ASX:WBT) launched a non-underwritten share purchase plan (SPP), giving eligible shareholders in Australia and New Zealand the opportunity to acquire up to AU$30,000 in new shares at AU$4.05 each, as the company aims to raise up to AU$15 million, according to a Tuesday Australian bourse filing.
The company reserves the right to increase the size of the SPP and to scale back applications at its sole discretion, per the filing.
The SPP opens on Tuesday, April 9, and is expected to close on April 29, the filing added.
The company's shares fell 2% in recent Tuesday trade.
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