NSX Limited Halts Planned Share Issuance, Prepares for Future Capital Raise

An update from NSX Limited ( (AU:NSX) ) is now available.

NSX Limited announced that it will not issue the 88,000,000 shares as initially planned under Resolution 7, following an agreement with ISXFEU. The decision is contingent upon meeting specific regulatory conditions, including successful applications under the Corporations Act and potential shareholder resolutions. The waiver of ASX Listing Rule 14.7 will lapse, preventing the share issuance under the current resolution. NSX Limited is also preparing for a future capital raise, with further disclosures to be announced.

More about NSX Limited

NSX Limited operates in the financial services industry, focusing on providing a platform for the listing and trading of securities. The company is based in Sydney, Australia, and is listed on the Australian Securities Exchange (ASX:NSX).

YTD Price Performance: -15.00%

Average Trading Volume: 87,776

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$7.79M

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