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ZIMI Ltd ( (AU:ZMM) ) has shared an announcement.
Zimi Limited has issued 3,337,500 ordinary shares to employees following the conversion of performance rights, in line with the terms of their issue. This move aligns with the company’s compliance with relevant provisions of the Corporations Act 2001 and reflects its ongoing commitment to expanding its market presence and leveraging opportunities in the smart home technology sector.
The most recent analyst rating on (AU:ZMM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on ZIMI Ltd stock, see the AU:ZMM Stock Forecast page.
More about ZIMI Ltd
Zimi Limited is an Australian technology company that specializes in innovative IoT electrical devices aimed at creating smarter living and working environments. Their product lines, such as Powermesh and Senoa, include smart switches, light dimmers, power points, fan controllers, and garage door controllers. The company operates within the smart home space, collaborating with tech giants to support the new global standard, Matter, for smart home connectivity. Zimi reaches customers through various channels and partners and is poised for growth in the expanding IoT market.
Average Trading Volume: 1,714,783
Technical Sentiment Signal: Sell
Current Market Cap: A$5.15M
See more insights into ZMM stock on TipRanks’ Stock Analysis page.