Tivan Limited ( ($AU:TVN) ) just unveiled an update.
Tivan Limited has issued 31,964,736 fully paid ordinary shares following the expiry of its listed TVNO options, under an underwriting agreement with Evolution Capital to backstop up to $10 million of unexercised options. The placement, priced at $0.30 per share, raised approximately $9.589 million before costs and the new shares rank equally with existing ordinary shares.
The company has confirmed that the shares were issued without a prospectus under available Corporations Act provisions and that it remains compliant with key financial reporting and continuous disclosure obligations. By providing this cleansing notice, Tivan enables secondary trading of the new shares while signaling adherence to regulatory requirements, which supports investor confidence in its capital management activities.
More about Tivan Limited
Tivan Limited (ASX: TVN) is an Australia-listed company whose shares trade on the ASX, with a capital structure that includes fully paid ordinary shares and listed options. The company engages with capital markets through instruments such as underwritten options to fund its ongoing corporate and operational activities.
Average Trading Volume: 2,656,675
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$835.2M
See more insights into TVN stock on TipRanks’ Stock Analysis page.
