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HitIQ Limited ( (AU:HIQ) ) has issued an announcement.
HITIQ Limited has chosen to preserve cash by settling a $50,000 investor relations fee owed to Spark Plus Pte Ltd through the issuance of 2,272,728 ordinary shares at a deemed price of A$0.022 per share, aligned with its most recent capital raising. The company has also issued 500,000 shares to ambassador Nathan Murphy under his agreement, with all new shares to be issued from HITIQ’s existing ASX Listing Rule 7.1 placement capacity, a move that modestly dilutes existing shareholders while supporting ongoing operational and promotional activities without additional cash outlay.
The most recent analyst rating on (AU:HIQ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on HitIQ Limited stock, see the AU:HIQ Stock Forecast page.
More about HitIQ Limited
HITIQ Limited is an Australian sports technology company that develops concussion management and athlete safety solutions for sport, clinical and research markets globally. Its products combine smart, instrumented mouthguards with analytics platforms, including the PROTEQT™ system co-developed with Shock Doctor, which delivers real-time head impact data and is already used in elite Australian sports leagues.
Average Trading Volume: 828,907
Technical Sentiment Signal: Sell
Current Market Cap: A$8.98M
For detailed information about HIQ stock, go to TipRanks’ Stock Analysis page.