Alarum Technologies shares are trading higher. The company announced a $4.25 million private placement of 187,225 units consisting of 10 restricted American Depositary Shares at a price of $2.72 per ADS.
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies announced a $4.25 million private placement of 187,225 units consisting of 10 restricted American Depositary Shares at a price of $2.72 per ADS. This has led to an increase in the company's share price.
August 30, 2023 | 2:31 pm
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Alarum Technologies' shares are trading higher after the company announced a $4.25 million private placement of ADS. This could indicate increased investor confidence.
The private placement of ADS by Alarum Technologies indicates a potential influx of capital into the company, which could be used for various growth initiatives. This has likely led to increased investor confidence, resulting in a rise in the company's share price.
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