Non-Renounceable Issue
| Stock | Thrive Tribe Technologies Ltd (1TT.ASX) |
|---|---|
| Release Time | 22 Sep 2025, 9:52 a.m. |
| Price Sensitive | Yes |
Thrive Tribe Technologies Ltd Announces Non-Renounceable Issue
- Undertaking a non-renounceable pro-rata entitlement offer to raise up to A$618,736
- Offer price of $0.003 per new share, representing a 14.3% discount to the last closing price
- Proceeds to be used for costs of the offer and general working capital
Thrive Tribe Technologies Limited (ASX:1TT) has announced that it will undertake a non-renounceable pro-rata entitlement offer to eligible existing shareholders. The offer will provide shareholders the opportunity to apply for one new fully paid ordinary share for every two existing shares held as at the record date of 30 September 2025, at an offer price of $0.003 per new share. The offer is expected to raise up to A$618,736 before expenses. The offer price represents a 14.3% discount to the closing price of shares on 19 September 2025. The company will use the proceeds raised to fund the costs of the offer and to provide working capital to the company generally. The offer is not underwritten, and shareholders with registered addresses outside Australia, New Zealand and Malaysia will not be eligible to participate. The offer will include a top-up facility that allows eligible shareholders to apply for additional new shares in excess of their entitlements.