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An announcement from CAP-XX Ltd ( (GB:CPX) ) is now available.
CAP-XX Limited has issued 14,452,464 new ordinary shares at a price of 0.22 pence to compensate certain directors, including Chairman Dr. Graham Cooley and CEO Lars Stegmann, in lieu of salaries and bonuses. This move aligns with the company’s strategy to preserve cash resources. Additionally, an employee has been granted 1,000,000 options over ordinary shares, with an exercise price of 0.22 pence, as part of their employment contract. These actions are part of CAP-XX’s ongoing efforts to manage financial resources while maintaining stakeholder interests.
Spark’s Take on GB:CPX Stock
According to Spark, TipRanks’ AI Analyst, GB:CPX is a Neutral.
CAP-XX Ltd’s stock score reflects the company’s strong technical momentum and positive corporate developments, which are offset by significant financial and valuation challenges. The strategic partnerships provide growth potential, but profitability and cash flow issues remain key risks.
To see Spark’s full report on GB:CPX stock, click here.
More about CAP-XX Ltd
CAP-XX Limited is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems. These products are used in portable and small-scale electronic devices, as well as larger applications such as automotive and renewable energy. The company’s supercapacitors are known for their high-power density and energy storage capacity, making them essential in power-hungry consumer and industrial electronics, as well as automotive and transportation applications.
Average Trading Volume: 113,266,830
Technical Sentiment Signal: Hold
Current Market Cap: £12.13M
See more data about CPX stock on TipRanks’ Stock Analysis page.