tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

KneoMedia Limited Issues New Shares to Strengthen Market Position

Story Highlights
  • KneoMedia Limited is a CSP and SaaS company offering education products globally.
  • The company issued 40,160,000 shares, enhancing its financial standing and market operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
KneoMedia Limited Issues New Shares to Strengthen Market Position

Claim 50% Off TipRanks Premium and Invest with Confidence

The latest update is out from KNeoMedia Limited ( (AU:KNM) ).

KneoMedia Limited has issued 40,160,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move indicates the company’s compliance with relevant legal provisions and suggests a strategic effort to bolster its financial position, potentially impacting its market operations and stakeholder interests.

More about KNeoMedia Limited

KneoMedia Limited is a CSP and SaaS publishing company that provides education and assessment products through its USA subsidiary, Kneoworld Inc, a Google for Education Partner. The company offers platforms like KneoScience and KneoAdventures, which are sold on an annual student seat license basis to education departments. These platforms are compliant with child online privacy protection laws such as US COPPA and European GDPR, and they target both general and special education classrooms globally.

Technical Sentiment Signal: Sell

Current Market Cap: A$3.07M

See more data about KNM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1