X2M Requests Trading Halt for Capital Raising
Key points
- X2M Connect Ltd requests trading halt to announce capital raising
- Trading halt to end on earlier of announcement release or June 18
- Company has over 540,000 devices connected to its IoT platform
Full summary
X2M Connect Ltd (ASX: X2M) has requested a trading halt for its securities, pending the release of an announcement concerning a capital raising. The company has requested that the trading halt end on the earlier of the release of an announcement about the capital raising or the commencement of normal trading on Wednesday, 18 June 2025. X2M is an Australian technology company that has developed and commercialized a proprietary Internet of Things (IoT) solution for the utilities sector. The company has over 540,000 devices connected to its IoT platform, providing real-time information and control to a growing customer base. X2M's current focus is on servicing the utility sector in the Asia-Pacific region, with plans to continue its global expansion, including into the Middle East.
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