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SkyFii Limited ( (AU:BEO) ) has provided an announcement.
Beonic Ltd has successfully raised $4.27 million through the issuance of convertible notes to support its strategic initiatives. The funds will be used to accelerate the company’s product roadmap, repay existing debts, and expedite the North African Airport Project. The issuance includes convertible notes and attaching options, with significant portions allocated to the Thorney Group and company directors, pending shareholder approval at the upcoming AGM. This capital raise is expected to bolster Beonic’s operational capabilities and enhance its market positioning.
More about SkyFii Limited
Beonic Ltd is a company that specializes in creating intelligent environments through its AI-driven platform. The company focuses on optimizing touchpoints and delivering unique experiences in various settings such as retail, airports, stadiums, smart cities, and other public and commercial venues. Beonic’s platform integrates data from multiple technologies including WiFi, cameras, people counting, LiDAR, CCTV, and IoT devices, and combines these with contextual data to enhance operational performance. Additionally, Beonic offers data and marketing services through a team of data science and digital marketing consultants.
Average Trading Volume: 33,744
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.97M
See more insights into BEO stock on TipRanks’ Stock Analysis page.