Australia's Alliance Airlines raises US$23.6mn
The company said eligible institutional shareholders took up 95.8% of the shares offered to them. The retail offer is due to open on September 2, 2026, and close on September 11.
Useful takeaways from this story.
The company said eligible institutional shareholders took up 95.8% of the shares offered to them.
The retail offer is due to open on September 2, 2026, and close on September 11.
Alliance plans to use the proceeds for working capital, greater balance sheet flexibility, and debt reduction.
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The useful part
The company said eligible institutional shareholders took up 95.8% of the shares offered to them. The retail offer is due to open on September 2, 2026, and close on September 11. Alliance plans to use the proceeds for working capital, greater balance sheet flexibility, and debt reduction.
Details worth keeping
Alliance Airlines (QQ, Brisbane International) parent Alliance Aviation Services has raised about AUD33 million Australian dollars (USD23.6 million), completing the institutional portion of its AUD40 million (USD28.7 million) equity raising.
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