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XReality Group Ltd ( (AU:XRG) ) has shared an announcement.
xReality Group Limited has issued 1,881,840 fully paid ordinary shares at a price of $0.031884 per share, totaling $60,000, in exchange for corporate advice. This issuance was done at a 5% discount to the 14-day VWAP as per the corporate advisory agreement. The transaction aligns with the provisions of the Corporations Act, indicating compliance with relevant regulatory requirements. This move signifies xReality’s strategic efforts to enhance its corporate structure and financial positioning within the enterprise software industry, potentially impacting its market dynamics and stakeholder relations positively.
More about XReality Group Ltd
xReality Group Limited specializes in enterprise software development for mission-critical simulations aimed at military and law enforcement sectors. The company offers physical and digital simulations and operates various portfolio companies including Indoor Skydiving facilities, and Virtual Reality (VR) and Augmented Reality (AR) entertainment, training, and production. It provides a portable, secure, and immersive Mission Planning & Rehearsal System under the brand Operator XR.
YTD Price Performance: 40.0%
Average Trading Volume: 707,699
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$23.9M
Learn more about XRG stock on TipRanks’ Stock Analysis page.
