SenSen Networks Ltd. (AU:SNS) has released an update.
SenSen Networks Limited has finalized the transfer of its gaming industry-related intellectual property to Angel Group Co., Ltd. as part of a settlement agreement, leading to the joint request to dismiss court proceedings in Australia and the Philippines. Additionally, the company has terminated a Placement Agreement with Angel Gaming Co., which involved a $1.8 million capital raise through the issuance of shares. These actions signify a resolution of disputes and a strategic shift for SenSen, known for its cutting-edge AI technology for smart urban management.
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