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Seeing Machines ( (GB:SEE) ) just unveiled an announcement.
Seeing Machines Limited announced the issuance of 37,161,419 new Ordinary Shares on the AIM market due to a clerical error in historical option exercises from 2018. This move, expected to begin trading on 24 December 2024, will adjust the company’s total issued share capital to 4,271,645,483 Ordinary Shares, impacting the voting rights calculation for shareholders. This adjustment reflects the company’s commitment to maintaining accurate financial records and transparency, impacting stakeholders by potentially altering their shareholding percentages and voting power in the company.
More about Seeing Machines
Seeing Machines Limited is a global company founded in 2000, headquartered in Australia. It is an industry leader in vision-based monitoring technology that enables machines to see, understand, and assist people. Their technology portfolio includes AI algorithms, embedded processing, and optics, which power products for real-time understanding of vehicle operators. Seeing Machines develops Driver Monitoring Systems (DMS) technology to enhance safety across Automotive, Commercial Fleet, Off-road, and Aviation sectors. The company has a presence in Australia, USA, Europe, and Asia, providing solutions to industry leaders in these markets.
YTD Price Performance: -16.67%
Average Trading Volume: 4,542,280
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £191.4M
For detailed information about SEE stock, go to TipRanks’ Stock Analysis page.
