bullish
Rent.com.au Ltd - Additional capital raised, RentPay customers up 64%
SUMMARY
- RaaS Research Group has published an update report on purpose-led proptech Rent.com.au (ASX:RNT) following its fully-underwritten entitlement offer to raise $2.5m at $0.02/share, with one quoted option for every two shares issued.
- Separately and on June 3, RNT provided a trading update in which it announced that RentPay's customers at the end of May were up 64% to 9,271.
- We have incorporated the capital raise in our forecasts, but having already modelled an additional $2.5m raise in H2 FY25, the impact to our forecasts is only due at the EPS line.
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