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An announcement from Elsight Ltd. ( (AU:ELS) ) is now available.
Elsight Ltd. announced the issuance of 35,294,118 ordinary fully paid shares without disclosure under Part 6D.2 of the Corporations Act. This move complies with relevant provisions of the Corporations Act, and there is no excluded information required to be disclosed. This issuance could impact Elsight’s market operations by potentially increasing its capital base, thereby supporting its strategic initiatives in the connectivity solutions sector.
More about Elsight Ltd.
Elsight Ltd. is a company specializing in carrier-agnostic, multi-path connectivity solutions, with its flagship product, the Halo, providing robust connectivity for drones and unmanned systems. The Halo uses AI-based multi-link bonding to ensure 99.99% reliable and cyber-secured communications, serving various vertical markets such as military, public safety, delivery, and more.
Average Trading Volume: 1,044,893
Technical Sentiment Signal: Buy
Current Market Cap: A$348.9M
Learn more about ELS stock on TipRanks’ Stock Analysis page.