Hexima Ltd (AU:HXL) has released an update.
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Hexima Limited has announced that its proposed acquisition of RealThing Entertainment Pty Ltd will not proceed due to unmet conditions, including shareholder approvals and capital raising. The company, with a cash balance of just under $2 million, is now exploring other opportunities in its biotech IP portfolio. The decision means that previously planned shareholder meetings and share consolidations are no longer required.
For further insights into AU:HXL stock, check out TipRanks’ Stock Analysis page.