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Zoom2u Technologies Ltd. ( (AU:LOC) ) has provided an announcement.
Locate Technologies Ltd has successfully raised $392,564 through its At-the-Market Facility Agreement with Novus Capital Limited. This capital raise, which involved the issuance of 1,825,322 ordinary shares, will bolster the company’s balance sheet and support its treasury management policy. This move reflects the company’s ongoing commitment to growth in its primary platforms, Locate2u and Zoom2u, and positions it well for future developments in the delivery optimization industry.
More about Zoom2u Technologies Ltd.
Locate Technologies Ltd operates in the technology sector, focusing on last-mile delivery and logistics solutions. It offers platforms such as Locate2u, a SaaS 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 optimize delivery management and route planning for businesses.
Average Trading Volume: 1,087,735
Technical Sentiment Signal: Buy
For a thorough assessment of LOC stock, go to TipRanks’ Stock Analysis page.