DXN Ltd. (AU:DXN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
DXN Ltd. has successfully completed a $6.5 million capital raise, attracting strong support from investors, including board and executive team members, at $0.07 per share. The funds are earmarked for property upgrades, data centre innovation, loan repayment, and operational costs. Moreover, the company has restructured its debt with Pure Asset Management, reducing the principal by $2 million and converting debt to equity, which is expected to further strengthen its financial position.
For further insights into AU:DXN stock, check out TipRanks’ Stock Analysis page.