Rent.com.au's Entitlement Offer and Underwriting Details

Rent.com.au Limited (ASX: $RNT) has announced a non-renounceable pro rata offer of up to 125,929,912 Shares at an issue price of $0.02 each, with one free Attaching Option for every two Shares subscribed for. The offer, fully underwritten by RM Corporate Finance Pty Ltd, aims to raise up to approximately $2.52 million. The Entitlement Offer closes at 5.00PM WST on 12 July 2024, and the Securities offered are considered speculative in nature.

Executive Commentary on Entitlement Offer and Underwriting

The company has entered into an underwriting agreement with RM Corporate Finance for the Entitlement Offer, including the payment of fees and granting of underwriting options. Sub-underwriting arrangements with other investors have also been engaged for the entire Entitlement Offer. Rent.com.au Limited is a disclosing entity under the Corporations Act and is subject to regular reporting and disclosure obligations.

Summary of Rent.com.au's Announcement

Rent.com.au Limited (ASX: $RNT) is offering a non-renounceable pro rata offer to raise up to approximately $2.52 million, fully underwritten by RM Corporate Finance Pty Ltd. The company has provided instructions for shareholders to participate in the Entitlement Offer and Shortfall Offer through BPAY® or EFT payments. The announcement includes comprehensive details about the offer, underwriting, risk factors, financials, and taxation implications. Rent.com.au Limited is a disclosing entity under the Corporations Act and is subject to regular reporting and disclosure obligations.