Rent.com.au Seeks AU$1.7 Million via Entitlement Issue; Shares Down 10%

MT Newswires Live

Mar 21, 2025

Rent.com.au (ASX:RNT) is raising AU$1.7 million via a non-renounceable, pro-rata, underwritten entitlement issue, according to a Friday filing with the Australian bourse.

The offer is being made on the basis of one new share for every eight shares held as of March 26 at an issue price of AU$0.018, resulting in the issue of up to 94.8 new fully paid ordinary shares. The issue has one free attaching option for every two shares subscribed, exercisable at AU$0.04 and expiring on Dec. 31.

The issue is fully underwritten by RM Corporate Finance. Rent.com.au's directors and key management personnel either committed to taking up their entitlements or entered into sub-underwriting agreements totaling AU$270,000, per the filing.

The company will run a shortfall among eligible shareholders in priority to the underwriters and sub-underwriters, the filing stated. The offer will open on March 28 and conclude on April 14.

Proceeds will be used to further develop the company's RentBond product amid rising demand.

Rent.com.au's shares were down 10% in recent trade.

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2521445977"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2521445977\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2521445977?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-21 10:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521445977","market":"us","top_or_hot":-1,"title":"Rent.com.au Seeks AU$1.7 Million via Entitlement Issue; Shares Down 10%","media":"MT Newswires Live","content":"<html><body><p> Rent.com.au (ASX:RNT) is raising AU$1.7 million via a non-renounceable, pro-rata, underwritten entitlement issue, according to a Friday filing with the Australian bourse.</p><p>The offer is being made on the basis of one new share for every eight shares held as of March 26 at an issue price of AU$0.018, resulting in the issue of up to 94.8 new fully paid ordinary shares. The issue has one free attaching option for every two shares subscribed, exercisable at AU$0.04 and expiring on Dec. 31.</p><p>The issue is fully underwritten by RM Corporate Finance. Rent.com.au's directors and key management personnel either committed to taking up their entitlements or entered into sub-underwriting agreements totaling AU$270,000, per the filing.</p><p>The company will run a shortfall among eligible shareholders in priority to the underwriters and sub-underwriters, the filing stated. The offer will open on March 28 and conclude on April 14.</p><p>Proceeds will be used to further develop the company's RentBond product amid rising demand.</p><p>Rent.com.au's shares were down 10% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rent.com.au Seeks AU$1.7 Million via Entitlement Issue; Shares Down 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRent.com.au Seeks AU$1.7 Million via Entitlement Issue; Shares Down 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-21 10:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Rent.com.au (ASX:RNT) is raising AU$1.7 million via a non-renounceable, pro-rata, underwritten entitlement issue, according to a Friday filing with the Australian bourse.</p><p>The offer is being made on the basis of one new share for every eight shares held as of March 26 at an issue price of AU$0.018, resulting in the issue of up to 94.8 new fully paid ordinary shares. The issue has one free attaching option for every two shares subscribed, exercisable at AU$0.04 and expiring on Dec. 31.</p><p>The issue is fully underwritten by RM Corporate Finance. Rent.com.au's directors and key management personnel either committed to taking up their entitlements or entered into sub-underwriting agreements totaling AU$270,000, per the filing.</p><p>The company will run a shortfall among eligible shareholders in priority to the underwriters and sub-underwriters, the filing stated. The offer will open on March 28 and conclude on April 14.</p><p>Proceeds will be used to further develop the company's RentBond product amid rising demand.</p><p>Rent.com.au's shares were down 10% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RNT.AU","symbol_name":"RENT.COM.AU LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521445977","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521445977","pubTimestamp":1742525910,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Rent.com.au  is raising AU$1.7 million via a non-renounceable, pro-rata, underwritten entitlement issue, according to a Friday filing with the Australian bourse.The offer is being made on the basis of one new share for every eight shares held as of March 26 at an issue price of AU$0.018, resulting in the issue of up to 94.8 new fully paid ordinary shares. The issue has one free attaching option for every two shares subscribed, exercisable at AU$0.04 and expiring on Dec. 31.The issue is fully underwritten by RM Corporate Finance. Rent.com.au's directors and key management personnel either committed to taking up their entitlements or entered into sub-underwriting agreements totaling AU$270,000, per the filing.The company will run a shortfall among eligible shareholders in priority to the underwriters and sub-underwriters, the filing stated. The offer will open on March 28 and conclude on April 14.Proceeds will be used to further develop the company's RentBond product amid rising demand.R","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RNT.AU":"RENT.COM.AU LTD","BK7002":"互动媒体与服务"},"translate_title":"Rent.com.au通过权利发行寻求170万澳元；股价下跌10%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RNT.AU":0.9},"content_text":"Rent.com.au (ASX:RNT) is raising AU$1.7 million via a non-renounceable, pro-rata, underwritten entitlement issue, according to a Friday filing with the Australian bourse.The offer is being made on the basis of one new share for every eight shares held as of March 26 at an issue price of AU$0.018, resulting in the issue of up to 94.8 new fully paid ordinary shares. The issue has one free attaching option for every two shares subscribed, exercisable at AU$0.04 and expiring on Dec. 31.The issue is fully underwritten by RM Corporate Finance. Rent.com.au's directors and key management personnel either committed to taking up their entitlements or entered into sub-underwriting agreements totaling AU$270,000, per the filing.The company will run a shortfall among eligible shareholders in priority to the underwriters and sub-underwriters, the filing stated. The offer will open on March 28 and conclude on April 14.Proceeds will be used to further develop the company's RentBond product amid rising demand.Rent.com.au's shares were down 10% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}