X2M Connect Halts Trading Ahead of Capital Raising Announcement

The latest update is out from X2M Connect Limited ( (AU:X2M) ).

X2M Connect Limited, an Australian IoT technology provider to utilities and governments, offers AI-driven platforms that enable real-time monitoring and control of critical infrastructure. Its solutions span water, gas and electricity networks and safety devices, with a growing presence in Asia and the Middle East and a business model combining hardware sales and recurring software and platform revenues.

The company has requested a trading halt in its securities on the ASX pending an announcement regarding a capital raising. Trading is expected to resume upon release of the capital raising details or at the start of normal trading on 27 February 2026, signaling that X2M is preparing to secure new funding that could support further growth and expansion of its technology footprint.

The most recent analyst rating on (AU:X2M) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on X2M Connect Limited stock, see the AU:X2M Stock Forecast page.

More about X2M Connect Limited

X2M Connect Limited is an Australian Internet of Things technology company focused on utility and government customers. Its AI-powered platforms connect water, gas, electricity and other critical sensors to the internet, delivering real-time data, remote control and predictive insights across Japan, South Korea, Taiwan, the Middle East and other markets.

The company’s core platform supports three main product families, Vision by X2M, Hive.AI by X2M and the Help Me safety device. X2M serves more than 85 customers and has connected over 500,000 devices, generating revenue from hardware, recurring SaaS and platform fees, and device connection charges.

Average Trading Volume: 796,153

Technical Sentiment Signal: Sell

Current Market Cap: A$7.09M

Find detailed analytics on X2M stock on TipRanks’ Stock Analysis page.