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X2M Connect Raises $309K but Faces 127M Share Shortfall – What’s Next?

10:21am on Friday 8th of August, 2025 AEST Technology
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X2M Connect Raises $309K but Faces 127M Share Shortfall – What’s Next?

10:21am on Friday 8th of August, 2025 AEST
Key Points
  • Entitlement offer raised $308,900 before costs
  • 23.76 million new shares and options to be issued
  • Shortfall of 126.95 million shares remains unallocated
  • Cygnet Capital holds right to take up shortfall shares within three months
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