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XReality Group Ltd ( (AU:XRG) ) has provided an update.
xReality Group Limited has issued 92,565,249 fully paid ordinary shares at $0.05 per share, totaling $4,628,262.45, to repay a loan facility with Birkdale Holdings in full. This share placement was executed at a 39% premium to the closing price on March 5, 2025, and reflects the company’s strategic financial management to strengthen its balance sheet and enhance its market position.
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 develops and operates both physical and digital simulations, with a portfolio that includes indoor skydiving facilities, virtual reality (VR), and augmented reality (AR) entertainment, training, and production. They provide a unique, integrated Mission Planning & Rehearsal System for military and law enforcement agencies.
YTD Price Performance: 3.33%
Average Trading Volume: 453,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$17.7M
For an in-depth examination of XRG stock, go to TipRanks’ Stock Analysis page.