Flexiroam Ltd (AU:FRX) has released an update.
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At Flexiroam’s recent Annual General Meeting, several key resolutions were passed while one was withdrawn, and another was rejected. The company withdrew Resolution 5, relating to a share placement, due to an unfavorable share price and shareholder feedback, and is re-evaluating fundraising options to address working capital needs. A ‘first strike’ was recorded against the adoption of the 2024 Remuneration Report, with over 25% of votes cast in opposition.
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