The latest announcement is out from Adveritas Limited ( (AU:AV1) ).
Adveritas Limited has settled its convertible notes issued to strategic investors, which initially had a maturity date of April 2024 but was extended to April 2025. The company paid $288,822 in cash to settle accrued interest and issued 43,797,022 shares to settle the converting balance, reflecting its strategic financial management and commitment to its stakeholders.
More about Adveritas Limited
Adveritas Ltd (ASX:AV1) is a pioneering technology company revolutionizing the advertising technology space with AI-driven solutions. As the parent company of TrafficGuard Pty Ltd, Adveritas focuses on leveraging big data and AI to address critical challenges in digital advertising, such as ad-fraud prevention and performance optimization. Positioned at the intersection of AI and advertising technology, Adveritas offers cutting-edge software solutions that help businesses optimize their advertising spend and improve campaign performance. With industry-leading products like TrafficGuard, Adveritas is capturing a share of the rapidly growing ad tech market, where demand for intelligent, data-driven solutions is increasing.
YTD Price Performance: -8.00%
Average Trading Volume: 5,280
Technical Sentiment Signal: Strong Sell
Current Market Cap: €40.91M
For an in-depth examination of AV1 stock, go to TipRanks’ Stock Analysis page.