XPON Technologies Group Ltd. (AU:XPN) has released an update.
XPON Technologies Group Ltd. has successfully issued 30 million shares to institutional and sophisticated investors, raising $450,000, with a further $300,000 expected upon shareholder approval, bringing the potential total to $750,000. The capital raised will be allocated to strengthen the company’s balance sheet. The shares were issued under the Corporations Act without the need for disclosure to investors.
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