K-TIG Advances Post-Arrangement with Key Developments

K-TIG Ltd (AU:KTG) has released an update.

K-TIG Limited has successfully resumed trading following the effectuation of its Deed of Company Arrangement, with ongoing commitments to deliver advanced welding systems to U.S. customers and progress in defense sector technology development. The company’s Evolve 3 R&D project is advancing towards integration of data-driven automated welding, while a recent convertible note raise of $500,000 is aimed at bolstering K-TIG’s working capital and future growth.

For further insights into AU:KTG stock, check out TipRanks’ Stock Analysis page.