X2M Connect Limited (AU:X2M) has released an update.
X2M Connect Limited, an Australian IoT company, has successfully completed its non-renounceable Entitlement Offer, raising $411,176.54 through the issuance of 10,279,413 new shares. Despite this, the company experienced a shortfall, with 39,739,573 shares remaining unclaimed, which X2M plans to place within the next three months. The newly issued shares will begin trading on the ASX and will be on par with the existing ordinary shares.
For further insights into AU:X2M stock, check out TipRanks’ Stock Analysis page.
