The Market Herald, which owns online stock forum HotCopper, will issue new stock to raise $15 million, as the company’s father-son minority owners hope to pay down its debt.
In an announcement to the ASX on Tuesday, the media firm said it would soon launch a renounceable entitlements offer, giving shareholders the chance to buy one new share for every six held.
Loading...
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
