Updated October 11, 2026 · through Special Situations Digest #36 (Oct 11, 2026) · 58 this week
A running index of rights offerings and rights issues covered in the Special Situations Digest: recent rights offerings, renounceable rights issues, and standby offerings across global markets, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 19 countries. Earlier coverage includes 460+ additional situations from prior issues.
Rights offerings are a frequently overlooked corner of special-situations investing. A rights issue priced at a discount to current market often creates short-term dislocation: existing shareholders may not exercise (especially smaller retail holders), while standby buyers and oversubscription privileges can offer attractive entry pricing. Internationally, particularly in Australia, the UK, and parts of Europe, rights offerings are a routine capital-raising mechanism that gets less attention from U.S.-focused investors.
Pro includes full weekly issues, downloads, the situations database, and the live feed. Subscribe for full access.
Hong Kong 20 situations
Flowing Cloud Technology Ltd (6610.HK) proposes a non-underwritten four-for-one rights issue at HK$0.60 per share, a 24.05% discount to the HK$0.79 last-trading-day close.
Artgo Holdings Limited (3313.HK) postponed the despatch of its rights issue circular from October 9, 2026, to on or before October 26, 2026.
Ta Yang Group Holdings Limited (1991.HK) further postponed the despatch of its circular for a proposed capital reorganisation and rights issue to on or before 16 October 2026.
Reach New Holdings Limited (8471) updated the timetable for a proposed increase in authorised share capital and a rights issue.
Bright Future Technology Holdings Limited (1351.HK) proposes a 5-to-1 share consolidation and a non-underwritten rights issue of 3 rights shares for every 1 consolidated share at HK$0.600 per share.
Moon Inc. 1723.HK (HK) · HK$0.54 · MCAP $33M · EV $34M
Moon Inc. (1723.HK) delayed the dispatch of prospectus documents for its non-underwritten rights issue from 13 October 2026 to on or before 2 November 2026.
AI Energy Engineering Holdings Limited (1751.HK) saw its rights issue under-subscribed by 94.5%, with only 6.4 million Rights Shares taken up as of 2 October 2026.
premium 0.72%
Grand Ocean Advanced Resources Company Limited (0065.HK) proposes to raise up to HK$481.3 million (~$61M) through a non-underwritten rights issue of 1.7 billion shares.
Harbour Digital Asset Capital Limited (0913.HK) received valid applications for 136.4 million rights shares, representing 25.6% of its rights issue.
Milan Station Holdings Limited's rights issue is conditional on a 5-into-1 share consolidation and an increase in authorized share capital.
Hong Kong Entertainment International Holdings Limited (8291.HK) received valid acceptances for 87.1 million Rights Shares.
Artgo Holdings proposes to raise up to approximately HK$204.78 million (~$26M) gross via a rights issue of 426.6 million rights shares at HK$0.48 per rights share.
Universal Health International Group Holding Limited (2211.HK) is conducting a rights issue of four (4) Rights Shares for every one (1) Adjusted Share held on the Record Date of 2 October 2026.
Green Power Group Limited, formerly Acme International Holdings Limited, is Hong Kong-listed under stock code 1870.
Plateau Treasures Limited proposed a rights issue of one (1) Rights Share for every two (2) Shares held on the Record Date.
China Environmental Technology Holdings Limited's (646.HK) proposed Rights Issue is on the basis of six rights shares for every one new share held on the record date on a non-underwritten basis.
Easyhold Group Holdings Limited is proposing a non-underwritten rights issue on the basis of one rights share for every one share held at the close of business on the record date.
premium 20.5%
Asia-Pac Financial Investment Company Limited (8193.HK) proposes a rights issue of two (2) Rights Shares for every one (1) Share held on the Record Date.
Litian Pictures Holdings Limited (Stock Code: 9958) announced a delay in despatch of the circular for its proposed rights issue.
Circular despatch postponed to on or before Friday, 9 October 2026.
South Korea 13 situations
Daesung Industrial (128820.KS) will fund a rights issue by its 100%-owned unlisted subsidiary Daesung Celtic Enersys: 947,064 new common shares at KRW 40,124 per share, paid through a KRW 32.0 billion (~$24M) debt…
The labor union of Samsung Biologics (207940.KS) asked the Financial Supervisory Service and the Korea Exchange on October 6 to suspend the rights offering subscription schedule and revise disclosures.
closes Oct 28, 2026
THE CODI Co., Ltd. amended its paid-in capital increase resolution.
Fantagio Corp. (032800.KQ) postponed its general public offering of 10 million shares for operating funds.
SK D&D Co., Ltd. (210980.KS) set the final price for a rights issue at KRW 2,260 per share to raise KRW 101.0 billion (~$75M) for debt repayment.
premium 146.31% · closes Oct 19, 2026
Moadata Co., Ltd. (288980.KQ) plans a third-party allotment to Ahners No.
closes Oct 8, 2026
Hanwha Investment & Securities approved a ₩500 billion (~$374M) third-party allotted capital increase at a September 30 board meeting.
Qurient 115180.KQ (KR) · ₩24,750.00 · MCAP $750M · EV $737M
Qurient (115180.KQ) plans a KRW 101.6 billion shareholder allotment rights offering followed by a public offering of unsubscribed shares.
closes Oct 27, 2026
Seoul Electronics & Telecom amended a third-party allotment for 1,806,138 new shares at a provisional issue price of KRW 1,661 per share.
iA, Inc. 038880.KQ (KR) · ₩3,400.00 · MCAP $18M · EV $52M
iA, Inc. is conducting a shareholder-allotment rights offering of 3.7 million ordinary shares.
The Financial Supervisory Service requested an amended securities registration statement from HanWool Semiconductor, Inc. (320000.KQ) on September 28, 2026, suspending the previously filed statement's effect.
VUNO, Inc. 338220.KQ (KR) · ₩8,320.00 · MCAP $86M · EV $68M
VUNO, Inc. filed an amendment to its August 28, 2026 rights issue announcement.
Naver Corp 035420.KS (KR) · ₩194,700.00 · MCAP $21.3B · EV $20.0B
Nvidia is participating in a $1 billion rights offering for Naver Corp (035420.KS) to fund its AI factory data center business.
Sweden 12 situations
ExpreS2ion Biotech Holding AB (EXPRS2.ST) issued 11.9 million new shares to Vator Securities AB at SEK 1.60 per share in a directed share issue.
SciBase Holding AB (publ) (SCIB.ST) registered a rights issue for SEK 57.5 million (~$5.8M) on October 8, 2026, issuing 3.8 million new shares.
Realfiction Holding AB (REALFI.ST) is conducting a rights issue of units following the October 9, 2026 publication of its Information Memorandum.
Klaria Pharma Holding AB (publ) (KLAR.ST) is launching an underwritten rights issue of up to 61.5 million units at 2.40 SEK per unit to raise a maximum of 147.6 million SEK.
AcuCort resolved on a rights issue of up to 78,148,177 units to raise approximately SEK 70.3 million before costs, subject to an extraordinary general meeting on November 5, 2026.
Orexo AB ORX.ST (SE) · SEK 13.52 · MCAP $47M
Orexo resolved on October 6, 2026 to raise approximately SEK 250 million through a rights issue, subject to extraordinary general meeting approval.
Realfiction resolved a rights issue of up to 360,093,600 units at SEK 0.10 per unit, each comprising one new share and one free TO3 warrant.
Soltech Energy Sweden AB is conducting a rights issue of up to 1,984,190,890 new shares at SEK 0.05 per share, raising approximately SEK 99 million gross if fully subscribed.
Maida Vale Capital AB sold SEK 6.5 million (~$647.6K) of shares in Alzinova AB (ALZ.ST) to a new institutional investor.
W5 Solutions intends a directed share issue of approximately SEK 150 million (~$15M) with deviation from shareholders' preferential rights.
Immunovia AB (publ) will hold an Extraordinary General Meeting on Thursday 29 October 2026 at 1 p.m.
BrightBid Group AB (publ) is launching a rights issue to raise approximately SEK 14.9 million.
India 11 situations
Goblin India approved a rights issue of shares for up to 315 million rupees.
closes Nov 5, 2026
Continental Controls Limited will issue 1,96,68,019 Rights Equity Shares of Rs.10 face value each, aggregating Rs.
Evonile Pharma Ltd (500672.BO) approved raising Rs 900 crore (~$93M) through a rights issue.
Board approved a rights issue of fully paid-up equity shares for an amount not exceeding ₹30 crore (~$3.1M).
Century Extrusions Limited: Rights Issue Committee approved extending the closing date from 14 October 2026 to 21 October 2026.
Shivam Autotech Limited (SHIVAMAUTO.NS) announced ISIN INE637H20024 for rights entitlements to be credited through NSDL and CDSL.
Magnus Steel & Infra (MAGNUS.BO) received in-principle approval from the BSE to conduct a rights issue of fully paid-up equity shares.
Ola Electric Mobility Limited (OLAELEC.NS) approved a rights issue of 370,272,665 partly paid shares at ₹27 each, raising approximately ₹10 billion if fully subscribed and all call monies are paid.
Padam Cotton Yarns Limited (PADAMCO.BO) will hold a board meeting on October 9, 2026, to consider a Draft Letter of Offer for a rights issue.
Natco Pharma NATCOPHARM.NS (IN) · ₹827.50 · MCAP $1.5B · EV $1.4B
Natco Pharma Limited (NATCO) is conducting a rights issue to raise more than Rs 12.8 billion (~$133M).
Ola Electric OLAELEC.NS (IN) · ₹37.42 · MCAP $1.8B · EV $1.9B
Ola Electric board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore (~$104M) on 28 September.
United States 10 situations
closes Oct 13, 2026
Gogoro agreed to issue 10.7 million ordinary shares to Gold Sino Assets Limited and 3.5 million to Peng-Lin Investment Limited at US$2.48 per share.
Rent the Runway (RENT) is raising $15 million through a backstopped rights offering to improve liquidity.
Permian Basin Royalty Trust (PBT) unitholders are to receive rights in a rights offering by PBT Land and Minerals, Inc. (New PBT), conditional on approval of the business combination that converts Trust units into New…
Sonoma Pharmaceuticals, Inc. (SNOA) adopted a Section 382 rights agreement with Computershare on October 6, 2026, to protect net operating loss carryforwards and other tax benefits.
UWM Holdings Corporation: UWM Holdings commenced its rights offering on October 5, 2026 to raise up to $400 million.
Nuveen Municipal Credit Opportunities Fund (NMCO) offers transferable rights for up to 15.5 million new shares, with a possible 25% increase to 19.375 million subject to board approval.
Rent the Runway, Inc. (RENT) is distributing transferable subscription rights to buy up to 4.2 million shares at $3.55 per share.
UWM Holdings Corporation is distributing transferable subscription rights to purchase up to 200.0 million shares of Class A common stock at no charge to record holders as of October 2, 2026.
BlackRock Capital Allocation Term Trust is issuing 106.3 million transferable subscription rights for 21.3 million common shares.
Fwd P/E: 5.0x
UWM Holdings Corporation engages in the origination, sale, and servicing residential mortgage lending in the United States. The company offers mortgage loans through wholesale channel.
UWM Holdings Corporation (UWMC) has agreed to a rights offering for 200 million new Class A shares to raise at least $400 million; the offering is expected to commence on October 5, 2026 and expire on November 12, 2026. The offering price is the greater of $2.00 or 85% of a 10-day VWAP per share. Oaktree and entities tied to CEO Mat Ishbia have backstopped the offering to ensure capital is raised to stabilize the balance sheet following a $603.2 million interest-rate derivatives loss. The issuance follows a Q2 2026 net loss of $451.9 million and a 43.6% year-over-year decline in equity. Shareholders face meaningful dilution for balance-sheet repair, with a lead-plaintiff deadline for related securities class actions set for 2026-10-13.
Australia 8 situations
Range International Limited (RAN.AX) is raising A$1.7 million (~$1.2M) through a 1-for-1 non-renounceable entitlement offer at $0.09 per share.
Surefire Resources (SRN.AX) offers up to 90,593,381 options at A$0.001 each through a non-renounceable entitlement offer, raising up to approximately A$90,593 before costs.
closes Oct 22, 2026
Barys Resources (BRY.AX) is conducting a renounceable entitlement offer to issue up to 264.0 million new shares at AUD $0.01 per share.
closes Nov 4, 2026
Prodigy Gold NL (PRX.AX) is launching a non-renounceable entitlement offer of up to 168.5 million shares at A$0.047 per share to raise A$7.9 million (~$5.5M).
L1 Global Long Short Fund Limited (GLS.AX) completed institutional entitlement and shortfall bookbuilds raising approximately A$100.9 million at A$1.76 per share, comprising A$30.8 million of entitlements and A$70.1…
closes Oct 16, 2026
Flynn Gold Limited (FG1.AX) is raising $3.0 million through a one-for-three renounceable rights issue at 1.5 cents per share.
Cynata Therapeutics Limited (CYP.AX) launched a three-for-eight renounceable entitlement offer to raise about $0.9 million (renounceable entitlement offer).
Enova Mining launched a one-for-four non-renounceable rights issue at $0.001 per share.
Saudi Arabia 4 situations
Raydan Food Company (6012.SR) plans to reduce its capital by 80% to eliminate 58.5 million Saudi riyals in accumulated losses.
Methanol Chemicals Co. (2001.SR) applied to the Capital Market Authority on September 30, 2026, to raise SAR 350 million (~$93M) through a rights issue.
Al Kathiri Holding is pursuing a restructuring plan that includes a capital reduction to write off accumulated losses and a SAR 150 million (~$40M) rights issue to rebuild its capital base.
Saudi Fisheries operates in aquaculture, fish production and marketing.
Saudi Fisheries is planning a fourth capital increase subject to shareholder approval. The company has a history of alternating between capital reductions to write off losses and rights issues to strengthen its financial position. A meeting is scheduled for Sept. 27, 2026. The company's history includes capital increases of 167.69% and 295.65%, as well as a reduction of 62.64%.
Finland 3 situations
Kesko Corporation (KESKOB.HE) plans a €500–700 million rights issue of B shares to refinance part of the bridge financing for its €1.2 billion Dahl acquisition.
Revenio Group's rights offering subscription period began Monday and interim shares became tradable Tuesday.
Fwd P/E: 12.5x · Fwd EV/EBITDA: 12.8x · Fwd EV/Sales: 2.4x · LTM EV/Sales: 4.5x · LTM EV/GP: 6.6x
Revenio is a leading turnkey solutions provider in the global eye care market, offering tonometers, fundus imaging devices, OCT, perimeters, multimodal devices, refraction systems, and software under iCare and Visionix brands.
Revenio Group Corporation (REG1V.HE) launched a fully underwritten rights offering of approximately €80 million. William Demant Invest, Caravelle Capital, and other Visionix sellers committed to subscribe for an aggregate 31.4% of the offer shares, with Nordea underwriting the remainder. The Finnish Financial Supervisory Authority approved the Finnish-language prospectus on September 25, 2026. The subscription period runs from September 28 at 9:30 a.m. Finnish time through October 12 at 4:30 p.m., and subscription rights trade on Nasdaq Helsinki through October 6.
United Kingdom 3 situations
Pennon Group plc (PNN.L) is raising £550 million (~$727M) through a fully underwritten rights issue of 220.3 million new ordinary shares at 250 pence per share, on the basis of 7 new shares for every 15 existing shares.
closes Oct 26, 2026
eEnergy Group conditionally raised c. £1.96 million (~$2.6M) through Retail Offer at 0.3 pence per share, issuing 652.9 million shares.
closes Oct 23, 2026
Lord Ashcroft has agreed to underwrite the full amount of the Tapir Holdings Ltd (TAPH.L) offer.
Malaysia 2 situations
Genting Bhd (3182.KL) proposes a RM1.25 billion renounceable rights issue to repay RM800 million of borrowings due within 12 months and fund working capital.
Careplus Group Bhd (CAREPLS.KL) plans to raise RM29.8 million through a rights issue of 425.4 million new shares at seven sen per share on a one-for-two basis.
Italy 2 situations
Unipol Assicurazioni S.p.A. (UNI.MI) is launching a €2.5 billion (~$2.8B) rights issue to raise capital.
Juventus FC JUVE.MI (IT) · €1.86 · MCAP $882M · EV $1.2B
Juventus reported a €66 million (~$75M) loss for the 2025-26 financial year.
Brazil 2 situations
Priner Serviços Industriais (PRNR3.SA) approved a capital increase of up to R$220 million through up to 11 million new common shares at R$20.00 each, with pre-emptive subscription rights for existing shareholders.
Shareholders approved the 13th issuance of Kinea Rendimentos Imobiliários (KNCR11) at an EGM on September 24, 2026.
Austria 2 situations
Lenzing AG LNZ.VI (AT) · €10.50 · MCAP $454M · EV $2.6B
closes Oct 23, 2026
Lenzing AG (LNZ.VI) is raising €300 million (~$336M) through a rights issue of 34.8 million new shares at €8.65 per share.
Lenzing AG launched a €300 million ($339m) rights issue.
Norway 2 situations
Northern Ocean Ltd. (NOL.OL) is considering a subsequent offering of up to 10.1 million new shares at NOK 6.50 per share.
Fwd EV/GP: 16.8x · LTM EV/Sales: 16.8x · LTM EV/GP: 17.6x
Oncoinvent ASA, a clinical stage company, develops radiopharmaceutical therapies against cancer. Its lead product candidate is Radspherin, an alpha-radiation therapy candidate for treating cancer that have spread to body cavities.
Oncoinvent ASA announced a subsequent repair offering of up to 200,000 new shares at NOK 90 per share. The Subsequent Offering is directed towards existing shareholders as of 22 September 2026, as registered on 24 September 2026, who were not allocated shares in the Private Placement. The Company completed a private placement of 1,531,000 new shares and a retail offering of 119,000 new shares on 22 September 2026. The Subsequent Offering is subject to completion of the Private Placement, board approval, registration of the board authorization, and publication of a prospectus. The Company reserves the right in its sole discretion to not conduct or cancel the Subsequent Offering.
Vietnam 2 situations
Portserco Logistics Joint Stock Company (PRC) plans a 1:1 rights offering of approximately 6.2 million shares at VND 11,500 each to raise nearly VND 71.3 billion for trucks and semi-trailers.
Viconship plans to offer nearly 187.2 million shares to existing shareholders at VND 10,000 per share, with one new share available for every two existing shares, to raise nearly VND 1,872 billion.
France 1 situation
Bluelinea SA (ALBLU.PA) plans to raise €5.2 million (~$5.8M) through a rights issue underwritten in principle by majority shareholder Groupe APICIL.
Indonesia 1 situation
Garuda Indonesia is preparing a rights issue of up to 124.35 billion new Series E shares as part of its 2025-2029 financial restructuring program.
New Zealand 1 situation
Rua Bioscience (RUA.NZ) launched a one-for-three renounceable rights offer to raise NZ$2.8 million.
Taiwan 1 situation
Basso Industry Corp. (1527.TW) will issue up to 27 million new common shares to strategic investors Awea Mechantronic Co., Ltd. and Te Chang Construction Co., Ltd. through a private placement.
Get the full Special Situations Digest weekly
Hundreds of situations across 25+ markets every Sunday. Excel/PDF/JSON exports and the Situations Database. 14-day free trial.
Start 14-day free trial →