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The latest update is out from Cipherpoint Ltd ( (AU:EXT) ).
Excite Technology Services Limited has successfully completed a placement, raising $3 million through the issuance of 250 million new fully paid ordinary shares at a price of $0.012 per share, a 9% premium over the previous closing price. The placement, supported by existing investors and managed by Shaw and Partners Limited, is expected to bolster the company’s financial position and enhance its market presence in the cybersecurity sector.
More about Cipherpoint Ltd
Excite Technology Services Limited operates in the cybersecurity industry, providing a range of services such as threat prevention, managed cloud and IT services, digital forensics, incident response, forensic investigations, and accredited training to ensure safety in Australia.
Average Trading Volume: 1,477,246
Technical Sentiment Signal: Sell
Current Market Cap: A$20.91M
For a thorough assessment of EXT stock, go to TipRanks’ Stock Analysis page.