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Rewardle Holdings Ltd ( (AU:RXH) ) just unveiled an update.
Rewardle Holdings Ltd has addressed inquiries from the ASX regarding its investment in CloudHolter, a small proprietary company. The company clarified that CloudHolter is not currently prepared for an IPO and that its financial disclosures are aligned with Tier 2 requirements, which are sufficient for Rewardle’s equity accounting. The announcement also detailed the structure and impact of convertible notes on Rewardle’s stake in CloudHolter, indicating potential dilution depending on future IPO or trade sale outcomes. Despite the capital raising activities of CloudHolter, Rewardle does not anticipate these to materially affect its own financial performance or share value.
More about Rewardle Holdings Ltd
Rewardle Holdings Ltd operates in the technology sector, focusing on digital customer engagement and loyalty solutions. The company provides platforms that enable businesses to connect with their customers through digital rewards, marketing, and payment services.
Technical Sentiment Signal: Buy
Current Market Cap: A$15.26M
For detailed information about RXH stock, go to TipRanks’ Stock Analysis page.