Respiri Limited is offering a Security Purchase Plan to raise funds up to $1.5 million.
Eligibility to participate in the SPP is only available to shareholders who have not sold or disposed of their RSH shares within the offer period, Tuesday 27 December 2022 - 27 January 2023.
The offer price of the new shares is either $0.05 per fully paid ordinary share, or the highest market price reached by RSH shares during the 30 days before the date of issue.
The Board has the discretion to reject applications received under the SPP if the market price of RSH's shares during the offer period does not reach $0.05.