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DigitalX Limited ( (AU:DCC) ) has shared an announcement.
DigitalX Limited has issued 13,000,000 new shares to its directors and 1,775 additional shares under the Rights Issue Shortfall Offer, all priced at $0.047 per share. This move is part of their strategy to enhance capital structure without requiring investor disclosure, aligning with compliance requirements under the Corporations Act. The issuance aims to bolster the company’s operations and maintain its strategic positioning within the digital asset management industry.
More about DigitalX Limited
DigitalX Ltd (ASX:DCC) is a prominent digital investment manager based in Australia and stands as the only ASX-listed crypto fund manager. With over six years of experience in digital asset management, the company has achieved notable success, including having its Bitcoin Fund recognized as the top performing fund in Australia for 2023 by Morningstar. DigitalX caters primarily to domestic individual wholesale investors and family offices, offering services like the ASX-listed spot Bitcoin ETF and actively managed crypto funds.
YTD Price Performance: 26.67%
Average Trading Volume: 57,776
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $38.93M
See more insights into DCC stock on TipRanks’ Stock Analysis page.
