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Iperionx Limited ( (AU:IPX) ) has shared an update.
IperionX Limited announced that all remaining vendor performance-linked securities issued in connection with its 2020 acquisition of the Titan Critical Minerals Project in Tennessee have expired, including 19.8 million Class B Performance Shares and a total of 8 million performance options across two classes. Following this expiry, the company detailed an updated capital structure comprising 336.3 million quoted ordinary shares and a suite of unquoted employee performance rights, restricted stock units and options with various strike prices and maturities, clarifying its current equity overhang for investors and simplifying its capital base after contingent vendor instruments have lapsed.
The most recent analyst rating on (AU:IPX) stock is a Buy with a A$9.90 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.
More about Iperionx Limited
IperionX Limited is a U.S.-focused titanium metal and critical materials company that uses patented technologies to produce high-performance titanium alloys from titanium minerals and scrap at lower energy, cost and carbon emissions. Its flagship Titan critical minerals project in Tennessee is described as the largest JORC-compliant U.S. resource of titanium, rare earth and zircon mineral sands, supplying materials vital to advanced industries including space, aerospace, defense, consumer electronics, hydrogen, automotive and additive manufacturing.
Average Trading Volume: 1,548,919
Technical Sentiment Signal: Hold
Current Market Cap: A$1.69B
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.