Zoom2u Technologies Ltd. ( (AU:Z2U) ) just unveiled an announcement.
Zoom2u Technologies Ltd has issued 5,000,000 fully paid ordinary shares and 2,500,000 free options to investors, raising funds to strengthen its balance sheet and support the growth of its Locate2u business. This strategic move aims to enhance the company’s operational capacity and market positioning, potentially benefiting stakeholders by expanding its service offerings and improving financial stability.
More about Zoom2u Technologies Ltd.
Zoom2u Technologies is a global provider of innovative and real-time tracking delivery solutions, serving as the parent company for Zoom2u and Locate2u. Locate2u offers a global last-mile delivery SaaS product to over 500 businesses with their own vehicle fleets. The Zoom2u Platform connects customers across Australia to a network of local drivers for fast deliveries, having processed over 4.3 million deliveries to more than 100,000 customers with over 18,000 drivers onboarded since its 2014 launch.
YTD Price Performance: -26.25%
Average Trading Volume: 47,178
Technical Sentiment Consensus Rating: Buy
For detailed information about Z2U stock, go to TipRanks’ Stock Analysis page.