Flexiroam Ltd (AU:FRX) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
At Flexiroam’s recent Annual General Meeting, several key resolutions were passed while one was withdrawn, and another was rejected. The company withdrew Resolution 5, relating to a share placement, due to an unfavorable share price and shareholder feedback, and is re-evaluating fundraising options to address working capital needs. A ‘first strike’ was recorded against the adoption of the 2024 Remuneration Report, with over 25% of votes cast in opposition.
For further insights into AU:FRX stock, check out TipRanks’ Stock Analysis page.