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NoviqTech Updates Timetable for Loyalty Option Offer Amid Funding Delay

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NoviqTech Updates Timetable for Loyalty Option Offer Amid Funding Delay

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The latest update is out from Tymlez Group Ltd. ( (AU:NVQ) ).

NoviqTech Limited has announced an updated timetable for its proposed pro-rata non-renounceable entitlement issue of new loyalty options to acquire fully paid ordinary shares for shareholders in Australia and New Zealand. This update is due to a delay in the receipt of funds for the second tranche of the placement, approved earlier by shareholders. The timetable outlines key dates for the offer process, with the closing scheduled for 26 February 2025. This move is part of NoviqTech’s broader strategy to enhance shareholder value and operational growth, potentially impacting its market positioning positively.

More about Tymlez Group Ltd.

NoviqTech (ASX: NVQ) leverages artificial intelligence and distributed ledger technology to offer trusted solutions for supply chain reporting, carbon emissions tracking, and guarantee of origin. Through its platforms, the company supports organisations worldwide in making data-driven decisions and driving sustainable growth.

YTD Price Performance: -44.30%

Average Trading Volume: 9,805

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €11.09M

See more insights into NVQ stock on TipRanks’ Stock Analysis page.

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