Nuheara Ltd. (AU:NUH) has released an update.
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Nuheara Ltd. is undergoing a strategic review, shifting focus to developing their new chip with Realtek and the next-gen HP Hearing PRO product, while reducing investments in production and marketing. This move aims to lower the need for external capital and is complemented by cost-cutting measures, including a significant salary reduction for CEO Justin Miller, who will also potentially receive performance rights contingent on a successful M&A transaction. The company’s shares are currently suspended from trading and will move to voluntary suspension post-financial statement release.
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