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iCetana Ltd. Announces A$2.65 Million Rights Issue

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iCetana Ltd. Announces A$2.65 Million Rights Issue

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An update from iCetana Ltd. ( (AU:ICE) ) is now available.

iCetana Ltd. has announced a renounceable pro-rata entitlement offer to raise up to A$2.65 million by offering new shares to existing shareholders. The initiative is fully underwritten, potentially affecting shareholder control, with significant implications for the voting power of major stakeholders such as Lance East Holdings and Macnica, Inc.

More about iCetana Ltd.

iCetana Ltd. operates in the technology sector, focusing on developing advanced video analytics solutions. The company specializes in providing real-time monitoring systems that automatically detect abnormal events in video feeds, serving a diverse range of clients across industries such as security and surveillance.

YTD Price Performance: -25.00%

Average Trading Volume: 543,581

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$3.97M

For an in-depth examination of ICE stock, go to TipRanks’ Stock Analysis page.

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