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Zoom2u Technologies Ltd. ( (AU:LOC) ) just unveiled an update.
Locate Technologies Ltd has successfully raised additional capital through its At-the-Market Facility Agreement, issuing 1,692,249 ordinary shares to raise A$239,180. This capital will support strategic growth initiatives and strengthen the company’s balance sheet. Additionally, the company has continued its strategy of investing excess cash reserves into Bitcoin, acquiring 4 BTC at an average price of A$156,560 per Bitcoin. This move aligns with Locate Technologies’ long-term strategy for capital preservation and maintaining a strategic financial reserve. The company remains focused on growth in its core businesses, Locate2u and Zoom2u, and plans to share further developments in its upcoming quarterly report.
More about Zoom2u Technologies Ltd.
Locate Technologies Ltd operates in the technology sector, focusing on last-mile delivery and logistics management through its SaaS platforms. Its primary products include Locate2u, a platform for delivery and service fleet management, and Zoom2u, an on-demand delivery marketplace in Australia. The company leverages AI, cloud infrastructure, and SaaS technology to offer scalable solutions for businesses of all sizes.
Average Trading Volume: 647,622
Technical Sentiment Signal: Buy
Find detailed analytics on LOC stock on TipRanks’ Stock Analysis page.