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The latest announcement is out from EPX ( (AU:EPX) ).
EPX Limited has completed a $2.14 million private placement to existing and new institutional investors, issuing 8,572,000 fully paid ordinary shares at A$0.25 each under its existing placement capacity, with no director or related-party participation. The funds are earmarked to support the acquisition of Wattwatchers Pty Limited, develop new revenue opportunities, invest in technology and provide general working capital, while a follow-on share purchase plan aims to raise up to a further $700,000 from eligible shareholders at the same offer price, broadening participation and strengthening the company’s capital base for its growth and expansion initiatives.
The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.
More about EPX
EPX Limited is a building performance technology company that operates a data-as-a-service platform focused on cost and energy efficiency in commercial real estate. Through its proprietary, vendor-agnostic EDGE cloud platform, EPX collects and analyses billions of data points from building management systems, metering and operational sources across more than 700 buildings in over 25 countries, identifying inefficiencies and delivering automated insights that typically cut energy consumption and greenhouse gas emissions by around 21%.
Average Trading Volume: 217,977
Technical Sentiment Signal: Hold
Current Market Cap: A$21.02M
For detailed information about EPX stock, go to TipRanks’ Stock Analysis page.