Me Today has announced a non-renounceable rights issue, offering eligible shareholders the opportunity to participate at an issue price of 6 cents per share.
The company aims to use the funds raised to strengthen its balance sheet and pursue growth opportunities.
Shareholders will be entitled to take up one new share for every existing share held and can also apply for additional shares.
The rights issue is subject to shareholder approval at the annual meeting on Oct 30, 2025.
If approved, certain trustees have agreed to subscribe for $1.5 million of the $2.59m offer.
Shareholders who do not take up their entitlements will experience dilution of their percentage shareholding.
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