Calmer Co International Ltd Announces Entitlement Offer
Key points
- Eligible shareholders can subscribe for 1 new share for every 1 existing share at $0.001 per share
- Offer includes 1 free attaching new option for every 2 new shares issued
- Proceeds will be used to repay debt, expand inventory, and for marketing activities
- Offer closes on August 17, 2026
Full summary
The Calmer Co International Ltd has announced a renounceable pro-rata entitlement offer to eligible shareholders to subscribe for new shares at an issue price of $0.001 each. Each eligible shareholder is entitled to subscribe for 1 new share for every 1 existing share held on the record date, with 1 free attaching new option for every 2 new shares issued. The offer aims to raise up to $3.5 million before costs. The proceeds will be used to repay the secured convertible notes, expand inventory in line with growing sales and new market entry, undertake e-commerce and marketing activities in Australia and the USA, new product launches, and for general working capital. The offer closes on August 17, 2026.
Guidance
Proceeds to be used for debt repayment, inventory expansion, and marketing
Outlook
The company expects the proceeds to support growth initiatives and debt management.
Summary generated by a large language model. Please interpret with care.