DigitalX (ASX:DCC) has opened its 1-for-8 pro rata non-renounceable rights issue to shareholders, as announced on Dec. 19.
Eligible shareholders have been sent an access letter with instructions on accessing the full rights issue offer document and their personalised entitlement and application form.
The process is designed to raise approximately $5.1 million before costs.
The rights issue is slated to close on Jan. 24, 2025, with the funds aimed at enhancing DigitalX's blockchain economy operations.
Eligible shareholders can subscribe to one new share for every eight existing shares held as of the record date, Dec. 24.
"On behalf of your directors, I am pleased to invite you to participate in this pro-rata non-renounceable rights issue at an issue price of $0.047 per share," stated Mark Licciardo, company secretary of DigitalX.
Ineligible shareholders have also been notified, in accordance with ASX Listing Rule 7.7.1.
DigitalX is an ASX-listed technology and investment company focused on growing the blockchain economy through its digital asset funds management business, digital fintech and regtech products, and blockchain ventures.