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EchoIQ Limited ( (AU:EIQ) ) has provided an update.
EchoIQ Limited has announced a proposed issue of securities, specifically unlisted options with an exercise price of $0.35, expiring three years from the date of issue. The company plans to issue a total of 12,000,000 of these securities, with the proposed issue date set for June 6, 2025. This move is part of a placement or other type of issue, and the company has submitted the necessary information to the ASX for approval. This issuance could potentially impact EchoIQ’s market positioning by increasing its capital base, which may be used for future growth initiatives, thereby affecting stakeholders by potentially altering share value and company strategy.
The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
More about EchoIQ Limited
Average Trading Volume: 3,070,484
Technical Sentiment Signal: Buy
Current Market Cap: A$174.2M
For detailed information about EIQ stock, go to TipRanks’ Stock Analysis page.