Hydration Pharmaceuticals (ASX:HPC) received firm commitments to raise AU$650,000 through the issue of 65 million shares at AU$0.01 apiece, according to a Tuesday filing with the Australian bourse.
A total of 60 million shares will be allocated to Joseph Constable, who will also join the board as a non-executive director after the placement's completion, the filing said. The remaining shares will be allocated to another investor.
The company also plans to raise an additional AU$610,000 through a pro rata entitlement offer, offering one new share for every five existing shares held to eligible shareholders.
Funds will be used to maintain sales momentum in US operations, per the filing.
Shares fell 10% in midday trade Wednesday.
Price (AUD): $0.01, Change: $-0.0010, Percent Change: -10.00%
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。