Nuheara Ltd. (AU:NUH) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Nuheara Ltd., a pioneer in smart hearing technology, has appointed KPMG’s Martin Jones, Matthew Woods, and Clint Joseph as Voluntary Administrators to assist with its strategic review amidst financial difficulties. The move follows the company’s inability to finalize a commercial agreement with Realtek Semiconducter Corporation concerning a $2.5m convertible note due soon. Administrators will work towards executing a crucial Commercial and Royalty Agreement with Realtek, deemed vital for the strategic review.
For further insights into AU:NUH stock, check out TipRanks’ Stock Analysis page.