AUCyber (ASX:CYB) is set to raise AU$2.8 million through a renounceable, non-accelerated entitlement offer, according to a Thursday filing with the Australian bourse.
Eligible shareholders may subscribe to one new share for every 3.57 shares held as of March 26 at an issue price of AU$0.06 per new share, the filing stated. The capital raise includes a shortfall offer.
The offer price is an almost 25% discount to the five-day volume-weighted average price of the company's shares. Morgans Corporate is the manager of the entitlement offer.
5G Networks (ASX:5GN) plans to take up its full entitlement, but will not participate in the shortfall, per the filing. This means 5G Network's voting power in AUCyber could increase to up to 91.757%, assuming no other shareholders participate outside the pre-commitments and shortfall entitlements and shortfall shares are not taken up, the filing said.
In that event, 5GN would have the option to compulsorily acquire the remaining AUCyber shares under the Corporations Act.
The offer will close on April 8.
AUCyber's shares surged 24% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。