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RemSense Technologies Ltd. ( (AU:REM) ) just unveiled an update.
RemSense Technologies has notified the ASX of a proposed issue of up to 515,760 ordinary fully paid shares under a placement or similar capital-raising mechanism. The new securities, expected to be issued on 30 June 2026, represent a modest equity issuance that will slightly expand the company’s share base and provide additional capital, with potential implications for existing shareholders through dilution and for the company’s funding flexibility ahead of future operational or strategic initiatives.
The most recent analyst rating on (AU:REM) stock is a Sell 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 Ltd. is an Australian company listed on the ASX under the code REM. It operates in the technology sector, with its ordinary fully paid shares traded on the Australian Securities Exchange, though this announcement focuses specifically on its capital markets activity rather than detailing its products or services.
Average Trading Volume: 214,238
Technical Sentiment Signal: Hold
Current Market Cap: A$7.71M
Find detailed analytics on REM stock on TipRanks’ Stock Analysis page.