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Connexion Telematics Limited ( (AU:CXZ) ) has issued an announcement.
Connexion Mobility Ltd has announced the issuance of 9,597,306 Fully Paid Ordinary Shares without disclosure to investors under the Corporations Act. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information as per sections 708A(7) and 708A(8). This move is expected to have implications for the company’s operations and its positioning in the automotive retail industry, potentially affecting stakeholders by enhancing its financial capacity to support its mobility solutions.
More about Connexion Telematics Limited
Connexion Mobility Ltd is a public enterprise-grade mobility software company that services the global Automotive Retail industry. The company focuses on connecting fleet owners with future mobility solutions, starting with courtesy transportation. Its proprietary platforms, OnTRAC and Connexion, offer embedded telemetry, fleet management, contract management, and data analytics tools to aid OEMs and dealerships in optimizing asset utilization and operational efficiency, while enhancing customer experience.
Average Trading Volume: 682,318
Technical Sentiment Signal: Buy
Current Market Cap: A$21.63M
For an in-depth examination of CXZ stock, go to TipRanks’ Overview page.