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The latest update is out from Acusensus Ltd ( (AU:ACE) ).
Acusensus Limited has completed the issue of 20 million fully paid ordinary shares at $1.50 per share under a previously announced non-underwritten placement, raising $30 million in new equity. The company confirmed the placement was conducted without a prospectus under the Corporations Act disclosure exemptions and stated it remains compliant with its continuous and financial reporting obligations, with no excluded information requiring disclosure, positioning the new shares for secondary trading and reinforcing the company’s capital base for ongoing operations and growth initiatives.
The most recent analyst rating on (AU:ACE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Acusensus Ltd stock, see the AU:ACE Stock Forecast page.
More about Acusensus Ltd
Acusensus Limited (ASX:ACE) is an Australian-listed technology company operating in the road safety and traffic enforcement sector, providing automated detection solutions and related services to government and commercial clients. The company focuses on camera-based enforcement and monitoring systems that target road rule compliance, including distracted driving and other high-risk behaviours, with a primary market presence in Australia and growing international exposure.
Average Trading Volume: 276,411
Technical Sentiment Signal: Buy
Current Market Cap: A$228.9M
For detailed information about ACE stock, go to TipRanks’ Stock Analysis page.