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Vection Technologies Ltd. ( (AU:VR1) ) has shared an announcement.
Vection Technologies Ltd has announced the issuance of 27,050,661 fully paid ordinary shares following the conversion of Listed VR1O options and an additional 55,600,000 shares to key management personnel upon achieving market capitalization-linked performance milestones. This move, compliant with the Corporations Act, allows the company to leverage exemptions for on-sale restrictions, potentially enhancing its market position and providing strategic benefits to stakeholders.
More about Vection Technologies Ltd.
Vection Technologies Ltd is a company operating in the technology sector with a focus on providing innovative solutions. The company has a global presence with offices in major cities including Perth, Sydney, San Francisco, Milan, and Abu Dhabi.
Average Trading Volume: 21,372,244
Technical Sentiment Signal: Buy
Current Market Cap: A$125.8M
See more insights into VR1 stock on TipRanks’ Stock Analysis page.