Morella Seeks ASX Quotation for 13.1 Million New Shares
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Morella Corporation Limited has applied for ASX quotation of 13,125,000 new ordinary shares, set to be issued on May 12, 2026. This move aims to increase the company's free float and enhance liquidity, potentially broadening its shareholder base. While the specific use of proceeds is not disclosed, the expanded share count may lead to dilution for existing shareholders while providing greater financial flexibility for the company. Morella Corporation is listed on the ASX under the ticker 1MC and operates within public capital markets.
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