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RemSense Options Lapse Removes 15.9 Million Securities From Capital Structure

Story Highlights
  • RemSense Technologies reported the expiry of 15,990,457 REMO options without exercise to the ASX.
  • The lapse of these options trims RemSense’s outstanding securities, simplifying its capital structure and future dilution outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RemSense Options Lapse Removes 15.9 Million Securities From Capital Structure

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RemSense Technologies Ltd. ( (AU:REM) ) has provided an announcement.

RemSense Technologies has notified the ASX of the cessation of 15,990,457 REMO options, which have expired unexercised. The change, lodged under Appendix 3H, reduces the company’s pool of outstanding options but does not affect its ordinary share capital, and may marginally simplify the capital structure and clarify potential future dilution for existing shareholders.

The most recent analyst rating on (AU:REM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on RemSense Technologies Ltd. stock, see the AU:REM Stock Forecast page.

More about RemSense Technologies Ltd.

RemSense Technologies Limited (ASX: REM) is an Australian-listed technology company, operating in the industrial and resources sectors with a focus on advanced imaging, data and digital solutions for asset management and remote operations.

Average Trading Volume: 191,554

Technical Sentiment Signal: Hold

Current Market Cap: A$7.51M

Learn more about REM stock on TipRanks’ Stock Analysis page.

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