Control Bionics Ltd. ( (AU:CBL) ) has issued an update.
Control Bionics Ltd. announced a proposed issue of 42,624,175 fully paid ordinary securities, scheduled for February 26, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s financial standing and market positioning by increasing its capital base, which could be used for further development and expansion of its product offerings.
More about Control Bionics Ltd.
Control Bionics Ltd. operates in the technology industry, focusing on developing and providing innovative assistive communication devices. The company primarily offers solutions that enable individuals with disabilities to communicate and interact with their environment, targeting a niche market of users with complex communication needs.
YTD Price Performance: -33.33%
Average Trading Volume: 140,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.08M
Find detailed analytics on CBL stock on TipRanks’ Stock Analysis page.