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Ethernity Networks Ltd. ( (GB:ENET) ) has shared an update.
Ethernity Networks Ltd has announced a successful fundraise of £800,000 through the issuance of new ordinary shares, which will be used to settle creditor obligations and support the development of its ASIC business. This strategic move is expected to enhance the company’s financial stability, restore confidence among suppliers and partners, and position Ethernity favorably for future growth initiatives, including long-term partnerships and product development.
More about Ethernity Networks Ltd.
Ethernity Networks Ltd is a prominent supplier in the data processing and Passive Optical Network (PON) semiconductor technology sector, focusing on networking appliances. The company aims to become a leading semiconductor company and is actively engaging with wireless vendors to expand its market presence.
YTD Price Performance: -70.91%
Average Trading Volume: 75,615,424
Technical Sentiment Signal: Strong Buy
Current Market Cap: £455K
Learn more about ENET stock on TipRanks’ Stock Analysis page.