Me Today has announced plans for a $2.6 million partially underwritten one-for-one rights issue, at an issue price of 6 cents per new share.
The company intends to issue a 6-cent warrant on a one-for-two basis, exercisable in October 2026, following the rights issue.
Founding shareholders Grant Baker and Stephen Sinclair have agreed to underwrite the rights issue up to $1.5m.
The capital raise is aimed at funding the ongoing growth of the Me Today business, particularly in New Zealand and targeted international markets.
Me Today reported a 42% increase in gross branded sales and agency revenue, reaching $5.8m for the year ended June 30, 2025.
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