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Field Solutions Holdings Ltd ( (AU:FSG) ) just unveiled an update.
Field Solutions Holdings Limited has announced an extension of the voluntary suspension of its securities until February 5, 2025, due to ongoing capital raising efforts. The company is seeking between $6 million and $8.6 million through private placement and entitlement offers, with existing shareholders committing $4.5 million. Delays have caused technical defaults with senior lenders, prompting FSG to negotiate forbearance arrangements to stabilize its financial position and resume trading.
More about Field Solutions Holdings Ltd
Field Solutions Holdings Limited (FSG) is an Australian telecommunications carrier focused on providing broadband networks specifically for rural, regional, and remote areas. They operate their own telecommunications network under the brands ‘JustISP’ and ‘Ant Communications’ and are also an NBNco Retail Service Provider.
YTD Price Performance: 10.0%
Average Trading Volume: 1,646,387
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$17.02M
For an in-depth examination of FSG stock, go to TipRanks’ Stock Analysis page.
