Nanollose Ltd. Issues New Equity Securities to Bolster Growth
Nanollose Ltd. has announced the issuance of 6,000,000 performance rights and 30,000,000 options, unquoted equity securities, to enhance its capital structure and incentivize stakeholders. This move aims to strengthen the company's position in the sustainable textile industry, where it focuses on developing eco-friendly materials. Nanollose operates in the biotechnology sector and is recognized for its innovative approach to sustainable fashion. The current market cap is A$15.85M with an average trading volume of 360,689.
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