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DXN Ltd. ( (AU:DXN) ) has shared an update.
DXN Limited has finalized the conversion of $1.0 million of its loan with PURE Asset Management into equity, along with restructuring fees, resulting in PURE receiving 17,457,142 shares. This strategic move reduces DXN’s debt and enhances its financial flexibility, improving its net tangible assets to $2.7 million as of February 2025. The conversion reflects confidence in DXN’s business prospects and positions the company for future growth by strengthening its balance sheet and enabling investment in key initiatives.
More about DXN Ltd.
DXN Limited is a vertically integrated manufacturer and operator of modular data centres in the Asia Pacific region. The company specializes in designing, engineering, manufacturing, maintaining, and operating data centres, serving major government and blue-chip enterprise customers. DXN operates through two core divisions: the Modular Division, which focuses on EDGE facilities and critical DC infrastructure, and Data Centre Operations, which manages and markets data centres and critical infrastructure.
YTD Price Performance: -30.0%
Average Trading Volume: 358,793
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$11.81M
For an in-depth examination of DXN stock, go to TipRanks’ Stock Analysis page.