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Scout Security Ltd. ( (AU:SCT) ) has issued an update.
Scout Security Ltd has successfully raised $600,000 through a placement of 1,500,000 fully paid ordinary shares at $0.40 per share, marking the first phase of a broader equity capital raising initiative. The funds will be used to settle existing debts, complete outstanding reports, and address other administrative needs. The company is actively working towards reinstating its securities for trading on the ASX, with ongoing discussions about potential corporate and capital raising proposals.
More about Scout Security Ltd.
Scout Security Ltd (ASX: SCT) operates as a white label security-as-a-service platform, providing a product suite that generates recurring revenue for major security, internet service, and telecommunications providers globally. The company offers a DIY approach to security, making it accessible for residential homes, small-to-medium businesses, and multitenant buildings.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
Find detailed analytics on SCT stock on TipRanks’ Stock Analysis page.