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The latest update is out from Butn Limited ( (AU:BTN) ).
Butn Limited announced the retirement of Co-CEO Walter Rapoport, who will transition to a Non-Executive Director role. Rapoport, a co-founder, played a pivotal role in Butn’s development, including its IPO. His departure marks a significant transition for the company, with Rael Ross continuing as CEO. The Board has agreed to waive certain vesting conditions for Rapoport’s options, ensuring a smooth transition.
More about Butn Limited
Butn Limited is an Australian B2B funder that innovates the way SMEs fund and grow their businesses. The company focuses on transactional funding, helping SMEs overcome working capital constraints by financing individual transactions and leveraging the credit of end debtors. Butn has funded over $2.5 billion to Australian businesses, providing cashflow solutions swiftly.
Average Trading Volume: 199,114
Technical Sentiment Signal: Buy
Current Market Cap: A$40.16M
For detailed information about BTN stock, go to TipRanks’ Stock Analysis page.