Activeport Group Ltd (ASX:ATV) Entitlement Offer

Activeport Group Ltd (ASX:ATV) is conducting a pro-rata renounceable entitlement issue, offering three shares for every four shares held by shareholders at an issue price of $0.02 per share. Additionally, one free new option will be provided for every three shares applied for and issued. The company aims to raise up to approximately $5,301,623 through this Entitlement Offer to repay outstanding loans and creditors, estimated research and development costs, and additional business growth costs.

Executive Commentary on Entitlement Offer

The securities offered through the Entitlement Offer should be considered highly speculative, and we strongly encourage investors to seek professional advice before making any decisions. The prospectus includes forward-looking statements and emphasizes the speculative nature of the investment. We have appointed Mahe Capital as the lead manager and Steinepreis Paganin as the legal adviser for the offer. The company is a disclosing entity and is subject to continuous disclosure obligations. We have considered the matters set out in ASIC Regulatory Guide 170 and believe that we do not have a reasonable basis to forecast future earnings.

Summary of Activeport Group Ltd's Entitlement Offer

Activeport Group Ltd (ATV) is conducting a pro-rata renounceable entitlement issue to raise up to approximately $5,301,623 before costs. The purpose of the offer is to repay outstanding loans and creditors, estimated research and development costs, and additional business growth costs. The company emphasizes that the securities offered should be considered highly speculative and encourages investors to seek professional advice before making any decisions. The company believes that the funds raised will provide sufficient working capital to achieve its objectives. However, if the offer is not fully subscribed, operational objectives may be modified, leading to potential delays or substantial changes in the company's future plans. Prospective investors are advised to refer to the complete Prospectus issued by Activeport Group Ltd (ATV) for further details and specific terms and conditions.