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Excite Technology Services ( (AU:EXT) ) has provided an update.
Excite Technology Services Limited has secured $2.1 million in funding through convertible notes from institutional investors, including Belgravia Strategic Equities Pty Ltd. This funding will support Excite’s strategic initiatives, such as cost restructuring and operational enhancements, to achieve cash flow break-even. The non-dilutive convertible notes offer flexible capital while preserving shareholder value, and Belgravia’s continued participation highlights confidence in Excite’s strategic vision.
More about Excite Technology Services
Excite Technology Services Limited offers comprehensive cybersecurity services, including threat prevention, managed cloud and IT services, specialist digital forensics, incident response, forensic investigations, and accredited training to ensure a safe Australia.
Average Trading Volume: 1,121,161
Technical Sentiment Signal: Sell
Current Market Cap: A$15.06M
For an in-depth examination of EXT stock, go to TipRanks’ Overview page.