ValueMax (SGX:T6I) issued and allotted 2,202 shares pursuant to the exercise of same number of warrants at SG$0.36 each on July 4, according to a same-day filing with the Singapore Exchange.
Shares of the company were down nearly 1% in recent trading.
Following the issue, the total number of shares in the company has increased to 935,098,935 shares.
The new shares are expected to be listed and quoted on July 8, the filing added.