Latest Underwriting News

Bettr Entertainment Limited has launched a $130 million fully underwritten capital raising through a pro-rata entitlement offer and institutional placement, aiming to strengthen its financial position without materially affecting company control.

betr Entertainment Limited has launched a fully underwritten A$130 million capital raising to fund its acquisition of a 19.9% stake in PointsBet and advance a superior takeover proposal valued at A$360 million. The move positions betr as PointsBet’s largest shareholder and challenges the existing MIXI scheme with enhanced funding certainty and synergy prospects.

betr Entertainment Limited has launched a fully underwritten A$130 million capital raising to fund its acquisition of a 19.9% stake in PointsBet and to partially finance a proposed full takeover. The revised bid promises over $40 million in annual cost synergies and a flexible cash-scrip offer to PointsBet shareholders.

Rent.com.au has successfully completed a $1.7 million entitlement issue, positioning itself to expand into loan funding under its RentBond brand while shoring up working capital.

PhosCo Ltd has solidified its position as a global fertiliser contender by securing full ownership of the Gasaat Phosphate Project in Tunisia and initiating a $5 million entitlement offer, while also engaging the EBRD for a potential strategic investment.

Corella Resources has finalised its fully underwritten entitlement offer, issuing over 300 million shortfall shares and raising a total of approximately $935,000 before costs.

Tower Limited has raised its FY25 underlying NPAT guidance to $70m–$80m, citing better-than-expected claims experience and favorable weather, while revising premium growth and expense ratio forecasts.

Rapid Lithium has successfully placed the full $1 million shortfall from its recent entitlement issue, positioning the company to advance exploration projects in Canada and the USA.

Icetana Limited has successfully closed its renounceable pro rata entitlement offer, raising $629,422 through new share issuance, with convertible notes poised to convert into shares shortly.

Eagle Mountain Mining has completed a significant capital raise through the issue of over 518 million new shares and 129 million options, including a $3 million loan conversion, bolstering its exploration projects in Arizona.

ACDC Metals has completed a comprehensive metallurgical testwork program at its Goschen Central Project, confirming the viability of its processing flowsheet and advancing the project towards feasibility and potential offtake agreements.

PYC Therapeutics is set to raise up to $146 million through a pro-rata entitlement offer, aiming to accelerate its RNA-based drug candidates targeting major unmet medical needs. Major shareholder support and underwriting commitments underpin the capital raise.