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Elsight Ltd. ( (AU:ELS) ) has issued an update.
Elsight Ltd. announced the issuance of 45,000 ordinary fully paid shares without disclosure under Part 6D.2 of the Corporations Act. The company confirmed compliance with relevant provisions of the Corporations Act and stated there is no excluded information to disclose. This move signifies Elsight’s strategic financial management and could enhance its market position by potentially increasing capital for further development of its connectivity solutions.
More about Elsight Ltd.
Elsight Ltd. is a company specializing in carrier-agnostic, multi-path connectivity solutions. Its flagship product, the Halo, utilizes AI-based multi-link bonding to ensure robust connectivity for drones and other unmanned systems. The Halo integrates cellular, satellite, and RF communications to provide 99.99% reliable and cyber-secured connectivity, catering to various markets such as military, public safety, delivery, and surveillance.
Average Trading Volume: 1,118,103
Technical Sentiment Signal: Buy
Current Market Cap: A$370M
For detailed information about ELS stock, go to TipRanks’ Stock Analysis page.