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Fluence Corporation Limited ( (AU:FLC) ) just unveiled an announcement.
Fluence Corporation Limited has issued 54,479,094 fully paid ordinary shares, with the majority allocated to lenders of the company’s Revolving Credit Facility as a conversion of interest into shares, and a smaller portion to non-executive directors in lieu of accrued fees. This strategic move, approved by shareholders, aims to strengthen the company’s financial position and reflects its compliance with relevant regulatory provisions, potentially enhancing its market standing and operational flexibility.
More about Fluence Corporation Limited
Fluence Corporation Limited is a leader in the wastewater treatment and reuse industry, providing solutions such as wastewater-to-energy, industrial, and drinking water systems. The company offers pre-engineered, standardized Smart Products Solutions like Aspiral™, NIROBOX™, SUBRE, and Nitro, focusing on rapid delivery and commissioning for various needs, from small communities to city-scale systems. Fluence operates internationally, with a focus on high-growth markets in North America and Southeast Asia, and provides ongoing operation and maintenance support, as well as Build Own Operate (BOO) and other recurring revenue solutions.
Average Trading Volume: 377,409
Technical Sentiment Signal: Hold
Current Market Cap: A$125.1M
See more data about FLC stock on TipRanks’ Stock Analysis page.