MMJ Group Holdings Ltd (ASX:MMJ) has reduced the offer price under its current share purchase plan (SPP) to raise $5 million and has also extended the closing date of the SPP.
The company has decided to reduce the offer price to align with recent market conditions and in order to provide eligible shareholders with the ability to participate in the Company’s capital raising activities.
The terms of the SPP have been formally modified as follows:
Under the modified terms of the SPP, existing eligible shareholders may continue to apply for between $1,000 and $30,000 worth of shares without incurring any brokerage or transaction costs.
Eligible Shareholders who have previously applied under the SPP will be issued shares at the revised SPP price.
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