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An announcement from Vection Technologies Ltd. ( (AU:VR1) ) is now available.
Vection Technologies Ltd has completed a significant issuance of 350,000,001 fully paid ordinary shares to institutional, sophisticated, and professional investors at a price of A$0.06 per share. This move, conducted under the exemption provisions of the Corporations Act, is expected to strengthen the company’s financial position and support its growth strategies, potentially impacting its market standing and providing new opportunities for stakeholders.
More about Vection Technologies Ltd.
Vection Technologies Ltd operates in the technology industry, focusing on providing innovative solutions through virtual reality and augmented reality technologies. The company has a global presence with offices in major cities such as Perth, Sydney, San Francisco, Milan, and Abu Dhabi, indicating its market focus on international expansion and technological advancement.
Average Trading Volume: 22,360,551
Technical Sentiment Signal: Buy
Current Market Cap: A$138.5M
Find detailed analytics on VR1 stock on TipRanks’ Stock Analysis page.