Connected IO Ltd. (AU:CIO) has released an update.
Connected IO Ltd. is set to raise up to $2.5 million through the issuance of 12,500,000 new shares at $0.20 each, alongside other securities, as part of their strategic expansion. This announcement follows their recent U308 Acquisition Agreement, with a total of 18,887,375 ordinary shares now ready for quotation on the ASX. This move aims to bolster the company’s capital base and enhance its market position.
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