Business
Why the Sensen (ASX:SNS) share price is lifting today
The Sensen Networks Ltd (ASX: SNS) share price has been up and down this morning after the software company announced a successful placement.
The company’s shares opened 15% lower at 15 cents. However, at the time of writing, the Sensen share price has since lifted 2.86% to trade at 18 cents.
Why is the Sensen share price up today?
In today’s release, Sensen advised it has raised $7.15 million from professional and sophisticated investors through a placement. The issuance of 57,200,000 new ordinary shares at a price of 12.5 cents each were allotted to participating shareholders yesterday. Sensen noted that the offer price reflected a 9.2% discount on the 30-day volume weighted average price of its shares.
The moneys raised…
-
Noosa News20 hours agoMan allegedly killed at teenage house party identified as co-founder of Universal Store
-
Noosa News21 hours agoSearch for missing man after unattended dinghy found near Boondooma Dam in Proston, QLD
-
Noosa News21 hours agoRising talent shine at Noosa International Surfilm Festival 2025
-
Noosa News24 hours agoCase shows client must be identified – Proctor