Jayride Group's strategic entitlement offer

Jayride Group (ASX:JAY), a global online travel marketplace for airport transfers, has announced a $4.3 million entitlement offer. This offer allows eligible shareholders to subscribe for six new shares per existing share at $0.003 each. The funds will be used to improve technology, reduce costs, and for working capital. A board renewal is also underway.

Jayride Group's future plans and board changes

Jayride Group has announced a $4.3 million entitlement offer, allowing shareholders to acquire new shares and options. The funds will focus on enhancing technology and reducing operational costs by $2 million. The company is also refreshing its board, with resignations from Yifat Shirben and founder Rod Bishop. Jayride aims to strengthen its financial position and drive growth.

Executive commentary on the entitlement offer

Executive Chairman, Rod Cuthbert, confirms full participation in the offer.