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FirstWave Cloud Technology Ltd. ( (AU:FCT) ) has provided an update.
FirstWave Cloud Technology Limited announced that 1,000,000 of its fully paid ordinary shares, initially issued to Pitt Street Research Pty Ltd for research services, will be released from a 6-month voluntary escrow on May 1, 2025. This release is part of a total of 3,000,000 shares issued, with another 1,000,000 shares set to be released from a 12-month escrow on October 31, 2025. The release of these shares may impact the company’s stock liquidity and market perception.
More about FirstWave Cloud Technology Ltd.
FirstWave Cloud Technology Limited is a global software company established in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves over 150,000 organizations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
YTD Price Performance: -15.00%
Average Trading Volume: 632,467
Technical Sentiment Signal: Buy
Current Market Cap: A$29.13M
See more data about FCT stock on TipRanks’ Stock Analysis page.