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HitIQ Limited ( (AU:HIQ) ) has issued an update.
HITIQ Limited has announced a capital raising initiative to gather up to $3.6 million through a combination of a placement to sophisticated investors and a non-renounceable rights issue for eligible shareholders. The funds are intended to support the company’s strategic shift towards the consumer market, highlighting its adaptability and potential for growth in a challenging capital environment.
More about HitIQ Limited
HITIQ Limited operates in the technology industry, focusing on developing innovative solutions for the consumer market. The company is known for its strategic initiatives to pivot towards growing consumer demands, leveraging its technological expertise.
YTD Price Performance: -50.0%
Average Trading Volume: 260,249
Technical Sentiment Signal: Buy
Current Market Cap: A$9.23M
See more insights into HIQ stock on TipRanks’ Stock Analysis page.