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ZIMI Ltd ( (AU:ZMM) ) has provided an update.
Zimi Limited has issued 250,000 ordinary shares to an employee under its Employee Securities Incentive Plan, as confirmed in a recent announcement. This move reflects Zimi’s ongoing commitment to its workforce and compliance with regulatory requirements, potentially strengthening its position in the smart home technology market.
More about ZIMI Ltd
Zimi Limited (ASX: ZMM) is an Australian technology company focused on creating smarter living and working environments by connecting everyday electrical products to the Internet and to each other. The company’s product lines, including Powermesh and Senoa, feature smarter switches, light dimmers, power points, fan controllers, and garage door controllers, and smarter safety devices. Zimi operates in the smart home space, collaborating with tech giants on the new global standard, Matter, and reaches customers through wholesale, commercial, retail, and trade channels. The company is poised for growth in the rapidly evolving Internet of Things (IoT) market.
Average Trading Volume: 1,026,452
Technical Sentiment Signal: Sell
Current Market Cap: A$6.62M
For a thorough assessment of ZMM stock, go to TipRanks’ Stock Analysis page.