X2M Connect Launches Capital Raising Entitlement Offer

X2M Connect Limited (AU:X2M) has released an update.

X2M Connect Limited announces a non-renounceable entitlement offer to raise $2.0 million through the issue of approximately 50.02 million new shares at $0.04 each. Shareholders have until 5 PM AEST on September 11, 2024, to participate in the 1 for 7 offer. This offer is part of a capital-raising initiative and is not registered under the US Securities Act, limiting the participation to non-US persons, and the entitlements are not tradable.

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