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Mach7 Technologies ( (AU:M7T) ) has shared an announcement.
Mach7 Technologies Limited has notified the ASX that a total of 160,000 options over its shares have lapsed after failing to meet required vesting or performance conditions by their respective expiry dates. The cessation of these conditional rights, which relate to various option series expiring on different dates and at different exercise prices, results in a reduction of potential future dilution for existing shareholders and reflects an adjustment to the company’s issued capital structure, but does not involve any new capital raising or cash outflow.
The most recent analyst rating on (AU:M7T) stock is a Hold with a A$0.69 price target. To see the full list of analyst forecasts on Mach7 Technologies stock, see the AU:M7T Stock Forecast page.
More about Mach7 Technologies
Average Trading Volume: 292,181
Technical Sentiment Signal: Buy
Current Market Cap: A$144.5M
See more insights into M7T stock on TipRanks’ Stock Analysis page.