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An update from X2M Connect Limited ( (AU:X2M) ) is now available.
X2M Connect Limited has issued fully paid ordinary shares and/or options as part of its ongoing operations, without requiring disclosure to investors under specific parts of the Corporations Act. This move indicates the company’s compliance with regulatory requirements and supports its strategic focus on expanding its IoT platform and services in the utilities sector, particularly in the Asia-Pacific region and the Middle East. The issuance of securities is a step towards strengthening its market position and enhancing its service offerings to a growing customer base.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions aimed at enhancing productivity, cost efficiency, and public safety for enterprise and government clients within the utilities sector. The company focuses on connecting utility devices such as water, gas, and electricity meters to the internet, facilitating data exchange and remote control. X2M generates revenue through hardware sales and Software as a Service (SaaS) subscriptions, with a strong presence in the Asia-Pacific region and plans for global expansion, including a recent licensing agreement in the Middle East.
Average Trading Volume: 1,055,892
Technical Sentiment Signal: Sell
Current Market Cap: A$12.34M
For detailed information about X2M stock, go to TipRanks’ Stock Analysis page.