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FirstWave Cloud Technology to Release 1 Million Shares from Escrow

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The latest update is out from FirstWave Cloud Technology Ltd. ( (AU:FCT) ).

FirstWave Cloud Technology Limited announced the release of 1,000,000 fully paid ordinary shares from voluntary escrow on April 30, 2025. These shares were initially issued to Pitt Street Research Pty Ltd for research services, with the release marking a significant step in the company’s share management strategy.

More about FirstWave Cloud Technology Ltd.

FirstWave Cloud Technology Limited is a global software company founded in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves over 150,000 organizations in 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.

YTD Price Performance: -15.00%

Average Trading Volume: 632,467

Technical Sentiment Signal: Buy

Current Market Cap: A$29.13M

For a thorough assessment of FCT stock, go to TipRanks’ Stock Analysis page.

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