TrickleStar Secures Key Approval for Rights Issue – Potential Share Price Catalyst TrickleStar Limited, a Singapore-incorporated company, has achieved a significant milestone in its proposed renounceable non-underwritten rights issue. The company announced on 6 January 2025 that it has received the Listing and Quotation Notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of up to 67,426,073 Rights Shares, subject to compliance with SGX-ST’s listing requirements. Key Details for Shareholders The LQN permits TrickleStar to proceed with the listing and quotation of the Rights Shares tied to the proposed rights issue. The rights issue is renounceable and non-underwritten, meaning shareholders can transfer their rights but the issue is not backed by an underwriter. The LQN is not an endorsement of the merits of the rights issue, the Rights Shares, the company, or its securities. Further announcements on the rights issue will be made as developments arise. Potential Impact on Share Price While the receipt of the LQN is a procedural step, it could potentially influence TrickleStar’s stock valuation. Investors might view this development as a signal of progress in the company’s capital-raising efforts. However, the actual impact on share price will depend on market sentiment and further disclosures about the rights issue, including pricing and terms. Important Notes for Investors The announcement was reviewed by TrickleStar’s sponsor, PrimePartners Corporate Finance Pte. Ltd., but it is important to note that the SGX-ST has not examined or approved the announcement. This caveat underscores the need for investors to exercise due diligence when considering the implications of the rights issue. For further information, shareholders may contact PrimePartners Corporate Finance Pte. Ltd. via the details provided in the announcement (16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, [email protected]).
