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The latest update is out from X2M Connect Limited ( (AU:X2M) ).
X2M Connect Limited announced an update regarding the issuance of securities, deciding not to list certain options due to not meeting ASX spread requirements and associated costs. Instead, these options will be reclassified as unlisted. This decision impacts the company’s financial strategy and market positioning, as it adapts to regulatory requirements while continuing its focus on expanding its IoT platform and services in the utilities sector.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector. The company provides productivity improvements, cost savings, and enhanced public safety through its patented technology, which connects utility devices like water, gas, and electricity meters to the internet. X2M focuses on the Asia-Pacific region and is expanding globally, with operations in Japan, South Korea, Taiwan, China, and the Middle East.
Average Trading Volume: 1,190,787
Technical Sentiment Signal: Sell
Current Market Cap: A$7.92M
For detailed information about X2M stock, go to TipRanks’ Stock Analysis page.