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The latest update is out from Parkd Ltd. ( (AU:PKD) ).
PARKD Ltd has issued 10,416,667 ordinary shares following shareholder approval at its Annual General Meeting. This issuance includes 5,750,000 shares from Tranche 2 of a previously announced placement and 4,666,667 shares issued in lieu of cash payment for director fees. The issuance is part of the company’s strategic financial maneuvers to strengthen its market position and operational capabilities, potentially impacting stakeholders by enhancing liquidity and aligning executive compensation with company performance.
More about Parkd Ltd.
PARKD Ltd is a technology-enabled building solutions business based in Australia, specializing in prefabricated construction solutions. The company is known for its PARKD Car Park Structural System, a modular and lightweight concrete car parking system designed for commercial and industrial applications. This system allows for flexibility in relocating or adapting parking structures to meet varying demands.
Average Trading Volume: 301,263
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.61M
See more data about PKD stock on TipRanks’ Stock Analysis page.