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Fortifai Issues 155 Million New Shares Under Secondary Trading Exemption

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Fortifai Issues 155 Million New Shares Under Secondary Trading Exemption

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Mighty Kingdom Ltd ( (AU:FTI) ) just unveiled an update.

Fortifai Limited has issued 155 million fully paid ordinary shares without a prospectus or other disclosure document under the Corporations Act, relying on the secondary trading exemption provisions. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated it is not aware of any excluded information, signalling that the enlarged share capital can trade on market without additional disclosure and reinforcing compliance assurances for existing and prospective shareholders.

More about Mighty Kingdom Ltd

Fortifai Limited (ASX: FTI) is an Australia-based company listed on the ASX, operating under the regulatory framework of the Corporations Act 2001. The company is subject to continuous disclosure and financial reporting obligations under Australian corporate law and securities regulation.

Average Trading Volume: 461,133

Technical Sentiment Signal: Hold

Current Market Cap: A$37.74M

Learn more about FTI stock on TipRanks’ Stock Analysis page.

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