Ethernity Networks Announces Warrant Exercise and Share Issuance

The latest announcement is out from Ethernity Networks Ltd. ( (GB:ENET) ).

Ethernity Networks Ltd has announced a warrant exercise under its Structured Investment Deed with New Technology Capital Group, LLC, resulting in the issuance of 222,500,000 new ordinary shares to New Tech. This exercise, based on a price of 0.08p per share, will see these shares admitted to trading on AIM around 2 January 2025, increasing the company’s total issued share capital to 1,222,500,000 shares. The warrant exercise leaves no remaining balance under the Investment Deed, providing clarity for shareholders regarding their interests in the company.

More about Ethernity Networks Ltd.

Ethernity Networks Ltd is a provider of innovative networking and security solutions on programmable hardware, focusing on enhancing telco/cloud networks. The company offers semiconductor logic for Carrier Ethernet Switch Router data plane processing and control software, featuring robust security and a variety of virtual function accelerations. These solutions are designed to optimize telecommunications networks, particularly for 5G, edge computing, and Broadband Networks.

YTD Price Performance: -86.49%

Average Trading Volume: 44,043,074

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £1.25M

For detailed information about ENET stock, go to TipRanks’ Stock Analysis page.