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Zoom2u Technologies Ltd. ( (AU:LOC) ) has provided an announcement.
Locate Technologies Ltd has issued 3,500,000 fully paid ordinary shares to Novus Capital Limited as collateral to activate an At-the-Market facility. This move, compliant with the Corporations Act, is expected to enhance the company’s financial flexibility and operational capabilities, potentially impacting its market positioning and stakeholder interests positively.
More about Zoom2u Technologies Ltd.
Locate Technologies leverages AI, cloud infrastructure, and SaaS technology to revolutionize last-mile delivery and logistics management. Through its platforms—Locate2u, Zoom2u, and Shred2u—the company offers scalable solutions for delivery management, route optimization, and real-time visibility for businesses of all sizes.
Average Trading Volume: 73,232
Technical Sentiment Signal: Strong Sell
For a thorough assessment of LOC stock, go to TipRanks’ Stock Analysis page.