Dropsuite ( (AU:DSE) ) has issued an update.
Dropsuite Limited has been involved in a transaction where NinjaOne Australia Pty Ltd agreed to acquire all of Dropsuite’s ordinary shares for $5.90 per share. However, complications arose when its largest shareholder, Topline Capital Management, LLC, failed to disclose timely changes in its shareholding, leading to a declaration of unacceptable circumstances by the Panel. This situation has implications for Dropsuite’s corporate governance and may affect shareholder confidence ahead of the scheduled vote on the acquisition.
More about Dropsuite
Dropsuite Limited is an ASX-listed company operating in the technology industry. It focuses on providing cloud-based backup solutions and data protection services, catering primarily to small and medium-sized enterprises.
Technical Sentiment Signal: Hold
Current Market Cap: $259.8M
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