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Scout Security Ltd. ( (AU:SCT) ) has issued an announcement.
Scout Security Ltd. has successfully raised an additional $220,000 through the placement of 550,000 fully paid ordinary shares, bringing the total funds raised to $820,000. The funds will be used to satisfy existing creditors, complete outstanding reports, and meet other administrative and working capital needs. The company is committed to reinstating its securities for trading on the ASX and is in discussions regarding potential corporate and capital raising proposals.
More about Scout Security Ltd.
Scout Security Ltd. is a provider of white label security-as-a-service platforms and product suites, generating recurring revenue for major security, internet service, and telecommunications providers worldwide. The company offers a simple and affordable DIY security approach for residential homes, small-to-medium businesses, and multitenant buildings.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
Learn more about SCT stock on TipRanks’ Stock Analysis page.