Superloop Ltd. ( (AU:SLC) ) has shared an announcement.
Superloop Ltd. announced the release of 9,847,690 ordinary shares from voluntary escrow, effective 15 March 2025. These shares were initially issued as partial consideration under a contract with Origin Energy Limited in March 2024. This release could potentially impact the company’s market dynamics and stakeholder interests by increasing the liquidity of Superloop’s shares.
More about Superloop Ltd.
Founded in 2014 and listed on the ASX since 2015, Superloop Ltd. is dedicated to enhancing internet connectivity for Australian homes and businesses. The company supports challenger retail brands like Superloop and Exetel, utilizing its Infrastructure-on-Demand platform. Superloop operates in the Consumer, Business, and Wholesale segments, leveraging investments in physical infrastructure such as fibre, subsea cables, and fixed wireless, alongside software platforms.
Average Trading Volume: 60
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €669.9M
For detailed information about SLC stock, go to TipRanks’ Stock Analysis page.