Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
X2M Connect Limited ( (AU:X2M) ) has shared an update.
X2M Connect Limited has issued fully paid ordinary shares and/or options without disclosure to investors, in compliance with the Corporations Act. This move is part of the company’s strategy to strengthen its position in the utilities sector, leveraging its IoT platform to meet the growing demand for data collection and device control. The issuance supports X2M’s ongoing expansion efforts and enhances its capability to serve a large and growing customer base across multiple regions.
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 to enterprise and government clients by connecting 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 now the Middle East through a licensing agreement with Dicode in Dubai.
Average Trading Volume: 1,052,581
Technical Sentiment Signal: Sell
Current Market Cap: A$11.57M
Learn more about X2M stock on TipRanks’ Stock Analysis page.