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The latest update is out from Mighty Kingdom Ltd ( (AU:FTI) ).
FortifAI has secured firm commitments to raise $15 million via a strategic share placement to institutional and sophisticated investors at $0.715 per share, with no discount to its market price, underscoring strong demand and confidence in its Nol8 Technology. The proceeds will be used to accelerate development, marketing and business expansion of Nol8, support existing asset growth, bolster commercial initiatives and provide working capital, positioning the company to engage enterprise design partners and advance its broader growth objectives.
More about Mighty Kingdom Ltd
FortifAI Ltd is an ASX-listed AI infrastructure company focused on developing and commercialising advanced artificial intelligence technologies, including its flagship Nol8 Technology. Alongside its AI-forward platforms, the company also holds a portfolio of video games and applies AI to drive efficiencies and expansion opportunities across its technology assets.
Average Trading Volume: 771,449
Technical Sentiment Signal: Buy
Current Market Cap: A$229.3M
For detailed information about FTI stock, go to TipRanks’ Stock Analysis page.