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FirstWave Cloud Technology ( (AU:FCT) ) has provided an announcement.
FirstWave Cloud Technology Limited announced the issuance of 3,362,162 fully paid ordinary shares without investor disclosure under the Corporations Act. The company is also in the process of finalizing a $2.5 million loan facility with a global credit investor, though terms are not yet finalized. This move could impact FirstWave’s financial operations and market positioning, though there is no certainty the transaction will proceed as currently planned.
More about FirstWave Cloud Technology
FirstWave is a global software company established in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. It serves approximately 150,000 organizations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 2,673,007
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$22.79M
See more insights into FCT stock on TipRanks’ Stock Analysis page.