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Linius Technologies ( (AU:LNU) ) has shared an update.
Linius Technologies Limited has announced the completion of issuing 737 million fully paid ordinary shares at $0.001 per share, as part of its strategic financial initiatives. This move is expected to bolster the company’s operations and strengthen its market position by enhancing its capital base, with no undisclosed information required under the Corporations Act, ensuring transparency for stakeholders.
More about Linius Technologies
Linius Technologies Limited, soon to be renamed Ion Video Limited, operates in the video technology industry, providing cloud-based solutions that enhance video archives with personalized viewer experiences through its Linius Video Services platform. The company focuses on unlocking the value of video content by enabling users to create personalized video compilations using its patented Video Virtualisation Engine, which transforms video files into searchable data enriched with AI and ML.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.06M
See more insights into LNU stock on TipRanks’ Stock Analysis page.