Invitrocue Ltd. plans to offer up to 18,647,936 ordinary shares and 4,661,981 warrants via a placement.
The securities will be priced 8 Australian cents apiece.
The warrants have an exercise price of 8 cents and a validity of five years.
Invitrocue will use proceeds for working capital.
As of Dec. 6, US$1 was equivalent to A$1.32.