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An update from Activeport Group Limited ( (AU:ATV) ) is now available.
Activeport Group Ltd has announced a non-renounceable entitlement issue, offering one share for every 2.75 shares held, priced at $0.01 per share, with an additional option for every two new shares subscribed. This move, detailed in the despatched prospectus, aims to enhance shareholder value and is part of the company’s strategic financial initiatives, potentially impacting its market positioning and stakeholder interests.
More about Activeport Group Limited
Activeport develops software for telecommunications providers and data centre operators, offering orchestration software that cloud-enables traditional network infrastructure. Their solutions improve customer experience by automating service provisioning, accelerating ‘time to live’ for new services, and enabling flexible pay-per-use consumption. Activeport’s features cover last mile, core network, data centre infrastructure, and GPUs for cloud gaming and AI.
Average Trading Volume: 2,858,197
Technical Sentiment Signal: Sell
Current Market Cap: A$7.56M
Learn more about ATV stock on TipRanks’ Stock Analysis page.
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