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CAP-XX Ltd ( (GB:CPX) ) has shared an announcement.
CAP-XX Limited has issued 32,344,952 new ordinary shares in lieu of salaries for certain directors as part of its strategy to preserve cash resources. This issuance reflects the company’s commitment to managing its financial resources prudently, impacting the company’s share capital and potentially influencing stakeholder interest calculations under financial regulations.
More about CAP-XX Ltd
CAP-XX Limited is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices. The company is increasingly expanding its focus to larger applications such as automotive and renewable energy. CAP-XX’s supercapacitors are recognized for their high-power density and energy storage capacity in a compact prismatic package, making them essential for power-hungry consumer and industrial electronics, and beneficial in automotive and other transportation applications.
YTD Price Performance: -9.68%
Average Trading Volume: 179,600,497
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £8.04M
For a thorough assessment of CPX stock, go to TipRanks’ Stock Analysis page.
