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Ava Risk Group Ltd. ( (AU:AVA) ) has issued an announcement.
Ava Risk Group has secured a strategic investment package of up to A$12.6 million from U.S.-based Hale Capital, comprising a A$7 million secured convertible note facility and up to A$5.6 million from five-year unlisted warrants, all priced at a significant premium to the company’s last closing share price. The funding, alongside Hale’s planned nomination of an industry executive to Ava’s board, will be used to accelerate the company’s U.S. expansion by scaling its commercial and operational capabilities, speeding deployment of its security technologies across U.S. critical infrastructure markets, and positioning Ava for strategic partnerships and potential bolt-on acquisitions, thereby strengthening its competitive foothold in its largest addressable market.
The most recent analyst rating on (AU:AVA) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Ava Risk Group Ltd. stock, see the AU:AVA Stock Forecast page.
More about Ava Risk Group Ltd.
Ava Risk Group Ltd is a security and critical risk technology company whose Detect, Access and Illuminate solutions are deployed across critical infrastructure markets. The group focuses on building a globally relevant platform with a strong presence in the U.S., targeting federal, state, enterprise and government‑adjacent customers as well as owners and operators of critical infrastructure, telecommunications and utilities.
Average Trading Volume: 300,234
Technical Sentiment Signal: Sell
Current Market Cap: A$19.19M
Find detailed analytics on AVA stock on TipRanks’ Stock Analysis page.