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8common Limited Clarifies Financial Reporting Errors

Story Highlights
  • 8common Limited corrected a typographical error, adjusting director payments from $46k to $113k.
  • The company clarified that $700,000 of a $1.5 million loan facility has been utilized.
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8common Limited Clarifies Financial Reporting Errors

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An update from 8Common Ltd ( (AU:8CO) ) is now available.

8common Limited has issued a clarification regarding its previous announcement on March 2025 Quarterly and Appendix 4C. The company corrected a typographical error, adjusting the reported payments to directors from $46k to $113k. Additionally, it clarified details about a loan facility provided by Executive Director Nic Lim, stating that $700,000 of the $1.5 million facility has been utilized. These clarifications aim to ensure accurate financial reporting and maintain transparency with stakeholders.

More about 8Common Ltd

8common Limited is a fintech company that provides enterprise-grade financial transaction processing solutions for government entities and large enterprises. Its flagship product, Expense8, offers end-to-end travel expense management software, while CardHero provides prepaid card fund distribution solutions. The company focuses on large enterprise and government segments, boasting a client base that includes Woolworths, Broadcast Australia, Amcor, and over 190 state and federal government entities.

Average Trading Volume: 221,007

Technical Sentiment Signal: Sell

Current Market Cap: A$4.03M

For detailed information about 8CO stock, go to TipRanks’ Stock Analysis page.

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