Audio Pixels Holdings Limited (AU:AKP) has released an update.
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Audio Pixels Holdings Limited is focused on advancing its Digital Sound Reconstruction technology with significant progress made in the challenging fabrication of its next-generation MEMS GEN-II chips, which are expected to begin shipping soon. In financial matters, the company secured an additional unsecured loan from 4F Investments Pty Limited and is actively seeking short-term funding to meet working capital needs and to prepare for the demonstration of the MEMS GEN-II chip. Meanwhile, the company’s shares remain suspended on the ASX as it explores capital raising options to resolve the going concern issue.
For further insights into AU:AKP stock, check out TipRanks’ Stock Analysis page.
