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SOCO Corporation to Release Escrowed Shares from Axsym Acquisition

Story Highlights
  • SOCO Corporation Ltd will release 5,357,376 shares from escrow on October 31, 2025.
  • The release is linked to the Axsym Technology acquisition, impacting SOCO’s market operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SOCO Corporation to Release Escrowed Shares from Axsym Acquisition

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Soco Corporation Ltd ( (AU:SOC) ) has shared an announcement.

SOCO Corporation Ltd has announced the release of 5,357,376 ordinary shares from escrow on October 31, 2025, which were initially tied to the acquisition of Axsym Technology completed in November 2023. This release of shares, already quoted on the ASX, signifies a strategic move that may impact the company’s market operations and stakeholder interests, reflecting on its growth trajectory and financial strategies.

More about Soco Corporation Ltd

SOCO Corporation Ltd (ASX:SOC) is a sovereign Australian IT consultancy that specializes in solving business problems through the modernization and application of IT systems for digitally transformative outcomes. The company employs a 4D methodology (Discover, Design, Deliver, Drive) to ensure client-centric partnerships and targets markets including federal, local, and state governments, as well as large corporations.

Average Trading Volume: 31,320

Technical Sentiment Signal: Sell

See more data about SOC stock on TipRanks’ Stock Analysis page.

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