AirNet Technology (ANTE) has released an update.
AirNet Technology Inc. has announced a significant expansion of its authorized share capital during its annual general meeting, a strategic move likely to interest shareholders and investors tracking the company’s financial decisions. The expansion involves the creation of additional ordinary and preferred shares, enlarging the share capital to $40,000,000. This development could signal new growth opportunities or restructuring for the company, formerly known as AirMedia Group Inc.
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