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Hexima Halts AI Acquisition, Holds $1.64M Cash Amid Strategic Pivot

6:01pm on Sunday 1st of June, 2025 AEST Biotechnology
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Hexima Halts AI Acquisition, Holds $1.64M Cash Amid Strategic Pivot

6:01pm on Sunday 1st of June, 2025 AEST
Key Points
  • Proposed acquisition of Real Thing Entertainment cancelled
  • Quarter-end cash balance of $1.64 million
  • Net operating cash outflow of $258,000 for the quarter
  • Refund of $100,000 to director-related entity due to acquisition cancellation
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