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Spirit Technology Solutions Ltd. ( (AU:ITS) ) just unveiled an announcement.
Infotrust Ltd has issued 3,255,856 new fully paid ordinary shares, including 1,871,156 shares as part of the consideration for its acquisition of Catalyst Cyber Pty Ltd and 1,384,700 shares following the vesting and exercise of performance rights under its employee incentive plan. The company confirmed the shares were issued without a prospectus under Australian securities law and stated it is compliant with continuous disclosure and reporting obligations, signalling orderly execution of its acquisition strategy and staff incentive programs without undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:ITS) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ITS Stock Forecast page.
More about Spirit Technology Solutions Ltd.
Infotrust Ltd is a leading Australian sovereign cyber security and managed technology provider, delivering integrated services and resilient technology solutions to help organisations remain secure, compliant and connected across their technology environments.
Average Trading Volume: 25,933
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$85.58M
Learn more about ITS stock on TipRanks’ Stock Analysis page.