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46.11
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39,023.71
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38,797.51
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0.6617
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2,163.90
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46.11
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109.15
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0.6617
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78.00
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(4.37%)
Iron Ore
109.15
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Hang Seng
17,093.50
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Dow Jones
39,023.71
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38,797.51
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FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
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7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
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FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
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Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
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USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
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Nikkei 225
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USD/AUD
0.6617
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Oil
78.00
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Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
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71,640.19
(-1.56%)
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78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
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Dow Jones
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Oil
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Gold
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Lithium
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Iron Ore
109.15
(1.77%)

BikeExchange (ASX: $BEX) completes institutional offer

  • Author: Stock Piper

BikeExchange completes institutional offer


BikeExchange Ltd (ASX: $BEX) has successfully completed the institutional component of its capital raising, aiming to raise up to A$3.17 million in total. The Institutional Entitlement Offer raised approximately $1.13 million by issuing approximately 2,252,740 New Shares at $0.50 per New Share. The Shares are expected to be issued on 5 March 2024.

Executive Commentary on Completion of Institutional Offer


We are pleased to have successfully completed the institutional component of our capital raising. The funds raised will support our ongoing initiatives and strategic growth plans. We look forward to the participation of eligible retail shareholders in the upcoming Retail Entitlement Offer, which is set to open on 6 March 2024.

Summary of BikeExchange's Institutional Offer Completion


BikeExchange Ltd (ASX: $BEX) has successfully completed the institutional component of its capital raising, raising approximately $1.13 million. The retail component of the Entitlement Offer is set to open on 6 March 2024, offering eligible retail shareholders the opportunity to subscribe for 1 New Share for every 3 existing shares at A$0.50 per New Share. The Board reserves the right to scale back applications for additional New Shares at its absolute discretion. The completion of the institutional offer marks a significant step in BikeExchange's strategic growth plans, and the Company looks forward to the participation of eligible retail shareholders in the upcoming Retail Entitlement Offer.

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