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Elsight Ltd. ( (AU:ELS) ) has shared an announcement.
Elsight Ltd. has announced the issuance of 50,250 ordinary fully paid shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that needs to be disclosed. This move is authorized by the Board of Directors and reflects Elsight’s ongoing commitment to maintaining transparency and regulatory compliance, potentially impacting its market operations and investor relations.
The most recent analyst rating on (AU:ELS) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Elsight Ltd. stock, see the AU:ELS Stock Forecast page.
More about Elsight Ltd.
Elsight Ltd. is a company that specializes in providing robust connectivity solutions for drones and other unmanned systems through its flagship product, the Halo. Utilizing AI-based multi-link bonding, the Halo ensures 99.99% reliable and cyber-secured connectivity by integrating cellular, satellite, and RF communications. Elsight’s products cater to various industries, including military, public safety, delivery, medical, and more. The company was founded in 2009.
Average Trading Volume: 1,207,338
Technical Sentiment Signal: Buy
Current Market Cap: A$369.1M
For detailed information about ELS stock, go to TipRanks’ Stock Analysis page.