Vinyl Group Ltd (ASX:VNL) opened the retail component of its 1-for-15.5 accelerated non-renounceable entitlement offer, according to a Tuesday filing with the Australian bourse.
The offer has an issue price of AU$0.10 per share, with 76.4 million new shares to be issued to raise roughly AU$7.6 million, the filing said.
The offer will close on Jan. 15, 2025, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.