X2M Connect Limited (AU:X2M) has released an update.
X2M Connect Limited is set to issue new fully paid ordinary shares and options without requiring additional disclosure to investors, reaffirming its compliance with corporate regulations and stating that the offer will not alter the company’s control structure. The Australian technology firm specializes in IoT solutions for the utilities sector, boasting over 530,000 connected devices and a focus on expansion within the Asia-Pacific region. X2M generates revenue through hardware sales and monthly SaaS subscriptions, with a strategy aimed at leveraging demand in data analytics and device control for renewable energy and artificial intelligence applications.
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