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An announcement from Zoom2u Technologies Ltd. ( (AU:LOC) ) is now available.
Locate Technologies Limited, operating in the technology sector, has announced significant progress towards its listing on the New Zealand Stock Exchange (NZX), scheduled for December 2025. This move is expected to expand its investor base and align the company with New Zealand’s innovative regulatory environment. The company has also appointed Brett O’Riley and Janine Grainger to its board, enhancing its leadership with expertise in technology and digital assets. Additionally, Locate Technologies has established a new NZD $10 million At-the-Market facility to strengthen its balance sheet and support its treasury management strategy. Despite a slight decline in overall group revenue, Locate2u, a segment of the company, reported a 19% increase in revenue and achieved its first positive EBITDA quarter. The company is focused on executing its Bitcoin treasury strategy and SaaS growth initiatives to deliver long-term value.
More about Zoom2u Technologies Ltd.
Average Trading Volume: 268,426
Technical Sentiment Signal: Sell
For a thorough assessment of LOC stock, go to TipRanks’ Stock Analysis page.