Prospech to Raise AU$1.6 Million Via Rights Issue; Shares Fall 6%
MT Newswires Live
Sep 01, 2025
Prospech (ASX:PRS) will raise about AU$1.6 million through a renounceable rights offer to eligible shareholders to buy two shares for seven shares held, at AU$0.015 per share, according to a Monday filing with the Australian bourse.
The offer price represents a 32% discount to the company's 30-day volume weighted average price, the filing said.
For every two new shares bought, eligible shareholders will also get one free option, exercisable at AU$0.04, and a three-year expiry period, the filing added.
The offer will close on Sept. 24, the filing said.
Shares of the company fell 6% in recent Monday trade.
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