DigitalX Shareholder Parafi Explains Late Substantial Holding Notice

DigitalX Limited ( (AU:DCC) ) just unveiled an update.

Parafi Digital Opportunities LP, a substantial shareholder in DigitalX Limited holding about 6.9% of the company’s issued shares, has formally explained to the market why it lodged its substantial holding notice later than required under Australian law. The US-based fund attributed the delay to an administrative oversight in its internal processes concerning Australian regulatory filings, and said it has since corrected its procedures and implemented enhanced compliance measures to ensure timely submission of future notices, a move aimed at reassuring regulators and other stakeholders about its governance standards.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

More about DigitalX Limited

DigitalX Limited (ASX: DCC) is an Australian-listed company operating in the digital assets and blockchain sector, providing investors exposure to cryptocurrency-related investments and associated technologies.

Average Trading Volume: 1,753,627

Technical Sentiment Signal: Sell

Current Market Cap: A$56.56M

For detailed information about DCC stock, go to TipRanks’ Stock Analysis page.