Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from FirstWave Cloud Technology ( (AU:FCT) ).
FirstWave Cloud Technology has notified the ASX of a proposed issue of up to 89,750,723 new warrants as part of a placement or similar capital initiative. The warrants will be exercisable at A$0.018 per share and will expire five years from their issue date, with the proposed issue date recorded as 15 April 2026.
The additional securities, if fully exercised, would provide the company with fresh equity capital and increase its share base, potentially supporting ongoing operations or growth initiatives in its cloud security business. The move may also influence existing shareholders through future dilution while signalling management’s intention to access long-dated funding flexibility via warrants.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited is an Australia-listed technology company focused on cloud-based cybersecurity and network services. The company targets enterprises and service providers, offering managed security solutions delivered via scalable cloud platforms to support digital infrastructure and data protection needs.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.38M
For an in-depth examination of FCT stock, go to TipRanks’ Overview page.