AnteoTech Opens AU$5 Million Entitlement Offer; Shares Up 5%

MT Newswires Live

2024/11/21

AnteoTech (ASX:ADO) opened a non-underwritten 1-for-10 entitlement offer to raise AU$5 million, according to a Thursday filing with the Australian bourse.

The offer price for the roughly 249 million shares is AU$0.02 apiece.

Funds will be used to support the company's international clean energy technology sales and marketing activities, among others, the filing said.

The offer, which includes a shortfall facility, will close on Dec. 9.

The company's shares surged past 5% in recent Thursday trade.

Price (AUD): $0.02, Change: $+0.001, Percent Change: +5.26%

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