KNeoMedia Advances US EdTech Platform and Funding Strategy

KNeoMedia Limited (AU:KNM) has released an update.

KNeoMedia Limited, an educational SaaS publisher, has announced a series of financial initiatives to address funding needs and resume trading on the ASX, including a $1 million capital raise and shareholder entitlement offer. The company has also renegotiated debt repayment terms to improve cash flow and is progressing with its US business development, particularly with the NYC Department of Education for a new EdTech platform. An upcoming extraordinary general meeting will seek shareholder approval for these measures and the change of auditors.

For further insights into AU:KNM stock, check out TipRanks’ Stock Analysis page.