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XReality Group Ltd ( (AU:XRG) ) has shared an announcement.
xReality Group Limited has successfully raised $2 million through a placement to institutional and sophisticated investors, issuing 80 million shares at a 17% discount to the 30-day VWAP. The funds will be used to expand the company’s Operator XR platform, focusing on international law enforcement and military markets, with the new shares expected to commence trading on July 1, 2025.
More about XReality Group Ltd
xReality Group Limited is a leader in enterprise software development, specializing in mission-critical simulations for military and law enforcement. The company operates in both physical and digital simulation spaces, with a portfolio that includes indoor skydiving facilities, as well as virtual and augmented reality entertainment, training, and production. Their flagship platform, Operator XR, offers a secure and immersive mission planning and rehearsal system for military and law enforcement agencies.
Average Trading Volume: 611,834
Technical Sentiment Signal: Sell
Current Market Cap: A$19.24M
Learn more about XRG stock on TipRanks’ Stock Analysis page.