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YPB Group Ltd. ( (AU:CDE) ) has shared an announcement.
Codeifai Limited has raised $1.1 million through a share placement to sophisticated and professional investors, issuing 144,736,842 new shares at $0.0076 each with one free attaching option per share, subject to shareholder approval, and is considering a bonus option entitlement issue to reward long-term shareholders. The new funds will support business development, working capital, and the commercialisation of the proposed acquisition of the AntennaTransfer.io quantum-secured payment and file transfer platform—set to be rebranded as QuantumAI Secure—while also backing Codeifai’s strategy to expand its applied AI capabilities into adjacent high-value areas such as geospatial and subsurface intelligence workflows, reinforcing its positioning as a specialist AI solutions provider.
The most recent analyst rating on (AU:CDE) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on YPB Group Ltd. stock, see the AU:CDE Stock Forecast page.
More about YPB Group Ltd.
Codeifai Limited (ASX: CDE) is a provider of digital and AI-powered brand solutions, focused on enabling smart digital engagement for brands. The company positions its high-margin, scalable offerings as “a code for everybody and everything,” targeting specialised industry contexts where applied AI, data engineering and commercialisation capabilities can be leveraged for profitability and growth.
Average Trading Volume: 1,036,150
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.56M
See more insights into CDE stock on TipRanks’ Stock Analysis page.