Me Today has announced its plans to hold the 2025 annual meeting of shareholders on October 30, 2025, via Microsoft Teams.
The company is seeking approval from shareholders to raise up to $2.59 million in new capital.
This capital raise is supported by fixed commitments from major shareholders Grant Baker and Stephen Sinclair, who have agreed to subscribe for $1.5m in new capital.
The new capital will be raised at a price of 6 cents per share and will include a non-renounceable rights issue, allowing all shareholders to participate on a 1 for 1 basis.
Additionally, Me Today intends to make bonus issues of two classes of warrants, giving holders the right to subscribe for further shares at 6 cents per share.
The independent directors of Me Today have recommended that shareholders vote in favour of the resolutions.
The funds from the capital raise will be used to strengthen the company's financial position and support the growth of the Me Today brand.
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