Locate Technologies Issues Shares to Novus Capital

An announcement from Zoom2u Technologies Ltd. ( (AU:LOC) ) is now available.

Locate Technologies Ltd has issued 2,400,000 fully paid ordinary shares to Novus Capital Limited to replenish shares previously used as collateral under an At-the-Market Facility Agreement. This move indicates the company’s compliance with relevant sections of the Corporations Act, ensuring transparency and adherence to regulatory standards, which may bolster investor confidence and enhance the company’s market positioning.

More about Zoom2u Technologies Ltd.

Locate Technologies leverages AI, cloud infrastructure, and SaaS technology to revolutionize last-mile delivery and logistics management. The company offers platforms like Locate2u, Zoom2u, and Shred2u, providing scalable solutions for delivery management, route optimization, and real-time visibility for businesses.

Average Trading Volume: 262,616

Technical Sentiment Signal: Buy

Learn more about LOC stock on TipRanks’ Stock Analysis page.