Adslot Ltd (AU:ADS) has released an update.
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Adslot Ltd has implemented significant cost-cutting measures and restructuring, including reducing its workforce and overhead costs, to strengthen its financial position. The company reported a 20% increase in quarterly transaction value and secured new partnerships with major media companies like Hearst UK and GroupM, enhancing its digital advertising sales gateway. Adslot also raised $2.02 million through an Entitlement Offer and appointed Andrew Dyer as Executive Chairman to steer its strategic initiatives.
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