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Kali Metals to List 62.7 Million Escrowed Shares on ASX

Story Highlights
  • Kali Metals has applied to quote 62.7 million ordinary fully paid shares on ASX.
  • Release of previously escrowed shares will boost free float and market liquidity for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kali Metals to List 62.7 Million Escrowed Shares on ASX

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Kali Metals Limited ( (AU:KM1) ) has issued an announcement.

Kali Metals Limited has applied to the ASX for quotation of 62,664,250 ordinary fully paid shares under its code KM1, following the expiry or imminent expiry of escrow on previously restricted securities. The move will increase the number of freely tradable shares on the market, potentially enhancing liquidity in the stock and broadening access for investors, while signaling a transition for early holders as their restricted stakes become available for trading.

More about Kali Metals Limited

Average Trading Volume: 115,239

Technical Sentiment Signal: Hold

Current Market Cap: A$26.29M

See more insights into KM1 stock on TipRanks’ Stock Analysis page.

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