Vection Technologies Ltd. ( (AU:VR1) ) has issued an update.
Vection Technologies Ltd has announced the issuance of 8,165,096 fully paid ordinary shares on the ASX. This issuance includes shares allocated to employees as part of an incentive plan and to a consultant as payment for services. This move reflects the company’s strategy to leverage equity-based compensation, potentially enhancing its cash flow management and aligning stakeholder interests.
More about Vection Technologies Ltd.
Vection Technologies Ltd operates in the technology industry, focusing on providing innovative software solutions. The company is known for its development of advanced virtual reality and augmented reality technologies, catering to various sectors including industrial, healthcare, and education.
YTD Price Performance: -10.0%
Average Trading Volume: 5,874,355
Technical Sentiment Signal: Sell
Current Market Cap: A$41.1M
See more data about VR1 stock on TipRanks’ Stock Analysis page.