Prospectus
| Stock | The Calmer Co International Ltd (CCO.ASX) |
|---|---|
| Release Time | 14 Apr 2025, 3:16 p.m. |
| Price Sensitive | Yes |
The Calmer Co International Ltd Announces Renounceable Entitlement Offer
- Renounceable pro-rata 2-for-7 entitlement offer at $0.003 per share
- Offer to raise up to $2.2 million (before costs)
- Proceeds to fund expansion, manufacturing upgrades, marketing, and new product launches
The Calmer Co International Ltd is conducting a renounceable pro-rata 2-for-7 entitlement offer at an issue price of $0.003 per new share to raise up to approximately $2,200,000 (before costs). The offer is partially underwritten to $500,000 by Mahe Capital Pty Ltd. Eligible shareholders are entitled to subscribe for 2 new shares for every 7 existing shares held, with 1 free attaching new option for every 2 new shares issued. The proceeds of the offers will be used to expand inventory, upgrade manufacturing equipment, undertake marketing activities, launch new products, and for general working capital. The entitlement offer and top-up offer are scheduled to close on 9 May 2025. Any shares not taken up may be placed by the company in consultation with the lead manager within three months of the closing date.