L1 Global Long Short Fund (ASX:GLS) has opened its non-renounceable entitlement offer to raise up to AU$415 million, according to a Tuesday filing with the Australian bourse.
Under the entitlement offer, shareholders will be able to subscribe for one share for every one shares held at AU$1.63 per new share, the filing said.
The offer is expected to close on Dec. 18, the filing said.
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