KNeoMedia Limited (AU:KNM) has released an update.
KNeoMedia Limited has successfully raised $1.125 million through a security placement to sophisticated investors, with expectations to close at $1.25 million pending shareholder approval. The company has also made significant progress with the implementation of its new EdTech platform in New York’s education system, securing agreements for its upcoming school year rollout. Moreover, KNeoMedia continues to deliver on its existing Connect ALL Kids program contract, securing license renewal funding for FY 2025.
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