The latest announcement is out from ZIMI Ltd ( (AU:ZMM) ).
Zimi Limited announced that while it has been in discussions with shareholders and potential investors regarding capital raising, no binding agreement has been reached, and trading in its shares will resume on the ASX. The company has received significant new orders and has expanded its supply chain and market reach through strategic agreements, positioning itself for growth. These developments, along with a renewed distribution agreement with its largest customer, underscore a positive outlook for Zimi as it continues to execute its growth strategy and explore funding opportunities.
More about ZIMI Ltd
Zimi Limited (ASX: ZMM) is an Australian technology company that focuses on creating smarter living and working environments by connecting everyday electrical products to the Internet and each other. Its product lines, such as Powermesh and Senoa, include smart switches, light dimmers, power points, fan controllers, and garage door controllers, all managed through Zimi’s home automation app. The company targets the Australian market through wholesale, commercial, retail, and trade channels and is exploring global expansion opportunities.
Average Trading Volume: 129,513
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.28M
For an in-depth examination of ZMM stock, go to TipRanks’ Stock Analysis page.