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The latest update is out from Felix Group Holdings Ltd. ( (AU:FLX) ).
Felix Group Holdings Ltd announced the successful completion of its share purchase plan (SPP), which raised A$490,000, following a A$16.0 million two-tranche institutional placement. The proceeds from these equity-raising efforts will partially fund the acquisition of Nexvia, support organic growth initiatives, and provide working capital. The SPP offered eligible shareholders the opportunity to purchase new shares at a discounted price, reflecting strong retail shareholder support. This financial maneuver is expected to enhance Felix’s enterprise platform and increase customer adoption both domestically and internationally.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd operates a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace. The company connects contractors and third-party vendors by digitizing, automating, and streamlining critical procurement-related business processes, thereby reducing supply chain risk and improving transparency and governance.
Average Trading Volume: 88,877
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$48.29M
For a thorough assessment of FLX stock, go to TipRanks’ Stock Analysis page.