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X2M Connect Limited ( (AU:X2M) ) just unveiled an update.
X2M Connect Limited announced the successful ratification of several resolutions at its General Meeting, including the issue and allotment of shares and securities under ASX Listing Rule 7.1. These resolutions were carried with significant support, indicating strong shareholder confidence in the company’s strategic direction. The outcomes of the meeting are expected to support X2M’s ongoing global expansion and strengthen its market position in the IoT sector.
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 through its proprietary IoT platform, which enables data exchange and remote control of devices. X2M generates revenue from hardware sales and Software as a Service subscriptions, with a focus on expanding its presence in the Asia-Pacific region and the Middle East.
Average Trading Volume: 1,047,072
Technical Sentiment Signal: Sell
Current Market Cap: A$9.14M
Learn more about X2M stock on TipRanks’ Stock Analysis page.