4DMedical Limited (ASX:4DX) Launches Share Purchase Plan
Share Purchase Plan Overview
4DMedical Limited (ASX:4DX) has introduced a Share Purchase Plan (SPP) allowing eligible shareholders to apply for up to $30,000 in fully paid ordinary shares without brokerage or transaction costs.
Offer Details
Under the SPP, new shares will be issued at the lower of $0.425 per share or a 2.5% discount to the volume weighted average price of 4DX shares over the five trading days preceding the closing date, rounded to the nearest half cent. The plan is fully underwritten by Bell Potter Securities Limited for a total of $7 million.
Key Dates
The SPP opens on 25 February 2025 and closes at 5:00pm AEDT on 18 March 2025. Allotment of new shares is scheduled for 25 March 2025, with trading commencing on ASX the following day.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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