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Nexion Group Ltd. ( (AU:NNG) ) just unveiled an update.
Nexion Group Ltd has amended its Share Purchase Agreement with Pier DC Pty Ltd for the sale of Nexion Networks and Blue Sky Telecom. The amendment includes the cancellation of $1,750,000 in Convertible Notes, up from the previously stated $1,660,000, following the issuance of additional notes. This transaction is expected to relieve Nexion of financial obligations and aligns with Pier DC’s expertise in data center operations, ensuring a smooth transition and continued service for customers.
More about Nexion Group Ltd.
Nexion Group Ltd is a leading technology provider specializing in hybrid-cloud and AI-driven solutions. The company operates two main businesses: Networks, which offers secure connectivity, managed network services, and cybersecurity solutions, and Business Intelligence and Artificial Intelligence (BI/AI) through its Fuse Forward subsidiary, delivering advanced software for industrial asset management.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
For a thorough assessment of NNG stock, go to TipRanks’ Stock Analysis page.