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Strata Rejects Freedom BidCo Offer While Raising A$8 Million at Premium
8:51am on Monday 15th of June, 2026 AEST
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Strata Rejects Freedom BidCo Offer While Raising A$8 Million at Premium
8:51am on Monday 15th of June, 2026 AEST
Key Points
Freedom BidCo offers A$0.16 per share, matching last traded price
Strata board unanimously rejects offer as undervaluing the company
A$8 million placement secured at A$0.20 per share, a 25% premium
Funds raised to support investments, legal fees, and potential litigation
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Strata Investment (ASX:SRT)
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