icetana Ltd. Opens Entitlement Offer to Strengthen Financial Position

iCetana Ltd. ( (AU:ICE) ) has issued an announcement.

icetana Ltd. has announced the opening of its Entitlement Offer, allowing eligible shareholders to subscribe for new shares at $0.02 each. This initiative aims to raise capital, with the offer closing on February 14, 2025, and the new shares expected to commence trading on a deferred settlement basis on February 10, 2025. This capital raising move could enhance icetana’s financial position and support its growth initiatives in the AI video analytics market.

More about iCetana Ltd.

icetana AI specializes in AI video analytics software designed to aid security and IT teams in managing extensive surveillance networks. Their technology autonomously learns normal activity for each camera, detecting and alerting any anomalies in real time. The company caters to various sectors such as guarding services, retail, hospitality, public safety, transportation, education, and large enterprises, with a global presence across over 30 clients, 70 sites, and 15 countries.

YTD Price Performance: -10.0%

Average Trading Volume: 668,250

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$4.76M

See more insights into ICE stock on TipRanks’ Stock Analysis page.