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Crowd Media Holdings Limited ( (AU:UNT) ) has provided an update.
Unith Ltd has issued 14,285,704 fully paid ordinary shares to directors as part of a placement approved by shareholders. Additionally, the company issued unlisted options to directors and advisors, which are exercisable at specified prices and expiration dates. This move is part of Unith’s strategy to monetize its proprietary AI and digital human capabilities, potentially impacting its market positioning by enhancing its financial flexibility and stakeholder value.
More about Crowd Media Holdings Limited
Unith Ltd (ASX:UNT) is a technology company specializing in AI-driven digital human and conversation design solutions. The company focuses on designing, developing, and deploying interactive, AI-powered conversational agents that are realistic, multilingual, and scalable, enhancing customer engagement, education, and entertainment metrics for business clients. Unith also operates a business-to-consumer subscription division, leveraging its digital human technology to generate recurring revenue through subscription models.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.92M
Learn more about UNT stock on TipRanks’ Stock Analysis page.