Ethernity Networks Ltd. (GB:ENET) has released an update.
Ethernity Networks Ltd has announced a successful fundraising effort through a structured investment deed with New Technology Capital Group, LLC, securing an investment of £800,000. The deal includes the issuance of 40 million new ordinary shares and a contingent warrant for New Tech, with the funds earmarked for general working capital purposes. Ethernity, a provider of advanced networking processing technology, is poised for strategic initiatives aimed at increasing the company’s value.
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