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An update from FirstWave Cloud Technology ( (AU:FCT) ) is now available.
FirstWave Cloud Technology has notified the market of a new issue of 60 million unquoted share appreciation rights (SARs), effective 23 December 2025. The issuance of these SARs, which do not trade on the ASX, appears to be part of the company’s broader equity-based incentive or remuneration arrangements and will increase the pool of potential equity-linked claims on the business; however, the announcement provides no detail on recipients, vesting conditions or potential dilution, leaving investors to await further disclosure to assess the impact on existing shareholders and corporate governance.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
More about FirstWave Cloud Technology
Average Trading Volume: 3,282,017
Technical Sentiment Signal: Sell
Current Market Cap: A$12.73M
Learn more about FCT stock on TipRanks’ Stock Analysis page.