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Flexiroam Ltd ( (AU:FRX) ) just unveiled an announcement.
Flexiroam Limited announced the results of its recent entitlement offer, raising approximately $3.66 million before costs. The offer, partially underwritten by founder and interim CEO Jef Ong, resulted in the issuance of 731,754,813 new shares, with normal trading on the ASX expected to commence soon. This move strengthens Flexiroam’s financial position, potentially enhancing its market presence and operational capabilities in the travel connectivity sector.
More about Flexiroam Ltd
Flexiroam Limited (ASX: FRX) operates in the travel connectivity industry, providing seamless global data solutions at competitive rates. With a network covering 520 operators in over 200 countries, it caters to both consumers and businesses, focusing on a flexible travel experience.
YTD Price Performance: 0.0%
Average Trading Volume: 486,610
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.86M
See more insights into FRX stock on TipRanks’ Stock Analysis page.