Norwood Systems Ltd ( (AU:NOR) ) has provided an update.
Norwood Systems Ltd has completed the issuance of 10,000,000 fully paid ordinary shares following the conversion of Convertible Notes at $0.03 each, as part of its capital management strategy. This move, executed without disclosure to investors under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legal provisions and its ongoing commitment to transparency, potentially impacting its market positioning by strengthening its financial base.
More about Norwood Systems Ltd
Norwood Systems (ASX: NOR) is a leading innovator in voice communication services, providing advanced conversational and generative AI technologies to revolutionize global communications. Its solutions enhance user experiences, delivering reliable and cutting-edge voice services to customers worldwide.
YTD Price Performance: -20.0%
Technical Sentiment Signal: Buy
Current Market Cap: €7.35M
See more data about NOR stock on TipRanks’ Stock Analysis page.