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Icetana Faces Cash Crunch, Launches Rights Issue to Secure Future
8:19am on Thursday 23rd of January, 2025 AEDT
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Technology
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Icetana Faces Cash Crunch, Launches Rights Issue to Secure Future
8:19am on Thursday 23rd of January, 2025 AEDT
Key Points
Significant cash outflow of $1.174 million in operating activities for Q4 2024
Cash reserves at $698,000 with estimated funding for only one quarter
Company anticipates higher customer receipts in March and June quarters
Underwritten rights issue planned to secure operational funding
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Icetana (ASX:ICE)
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