An update from Birddog Technology Ltd. ( (AU:BDT) ) is now available.
BirdDog Technology Limited has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX) due to underperformance of its share trading price, low trading liquidity, and high administrative costs associated with being listed. The company plans to conduct an off-market equal access share buy-back, which will allow shareholders to sell their shares privately. Delisting is expected to provide BirdDog with greater flexibility in pursuing strategic opportunities and reduce costs, although it will limit the company’s ability to raise public capital and require shareholders to find private buyers for their shares.
More about Birddog Technology Ltd.
BirdDog Technology Limited is a global leader in broadcast quality, software-enabled video solutions.
YTD Price Performance: -49.18%
Average Trading Volume: 462,952
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$5.01M
For detailed information about BDT stock, go to TipRanks’ Stock Analysis page.