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FRESH OFF A STRING OF NEW CONTRACTS IN SOUTH KOREA WORTH OVER $5.5M

We are scaling our #IoT platform into new markets, building on significant recent momentum as we begin the new financial year

Mohan Jesudason sat down with Stockhead to explain how additional funds will position us to fast-track expansion across existing markets in Asia and the Middle East.

HIGHLIGHTS

  • X2M Connect’s Capital raise to include $2.6m placement and $2.3m entitlement offer
  • Funds will pay down debt and lay a runway to build on contract base in new FY
  • Placement shares offered at 1.3c each, a 28% discount to X2M’s July 10 closing price

 

Read the full article: X2M Connect raising up to $4.9m as momentum builds