Biotron Limited Delays Rights Issue Opening Amid ASIC Queries

Tip Ranks
2025.03.10 00:42
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Biotron Limited has announced a delay in the opening of its rights issue due to queries from the Australian Securities and Investments Commission (ASIC). The new opening date is set for 17 March 2025, with further details to be confirmed. This delay may affect the company's fundraising efforts and operational plans. Biotron operates in the biotechnology sector, focusing on antiviral therapies. Current market cap is $4.54M, with a year-to-date price performance of 390.0%.

Biotron Limited ( (AU:BIT) ) has shared an announcement.

Biotron Limited has announced a delay in the opening of its rights issue due to queries raised by the Australian Securities and Investments Commission (ASIC). The company now aims to open the rights issue on 17 March 2025, with the revised timetable to be confirmed soon. This delay may impact the company’s fundraising efforts and could influence its operational plans and market positioning.

More about Biotron Limited

Biotron Limited operates in the biotechnology industry, focusing primarily on the development and commercialization of novel antiviral therapies. The company is known for its innovative approach to tackling viral infections, with a particular emphasis on addressing unmet medical needs in the market.

YTD Price Performance: 390.0%

Average Trading Volume: 27,400

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.54M

Learn more about BIT stock on TipRanks’ Stock Analysis page.

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