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X2M Connect Limited (ASX:X2M)

ALERT: Price-sensitive ASX Announcement for X2M
Current share price for X2M : $0.002 -0.002 (-50%)+
Announcement
Release
22 Jul 2026 9:09AM
Price at Release
$0.004
Full Release
download
Summary
On 22 July 2026, X2M Connect Limited, an Australian IoT technology company, announced a trading halt on the ASX for its securities pending an announcement about a capital raising. The halt is expected to last until normal trading resumes on 24 July 2026 or when the announcement is made. X2M Connect provides solutions that enhance productivity and safety for utility and government sectors, with a significant presence in Asia and the Middle East. The company generates revenue through various channels, including hardware sales and SaaS fees.
Key Points
  • X2M Connect Limited has requested a trading halt for its securities on the ASX.
  • The halt is pending the release of an announcement regarding a capital raising.
  • Trading is expected to resume by the commencement of normal trading on Friday, 24 July 2026, or upon the release of the announcement.
  • X2M Connect Limited is an Australian IoT technology company.
  • The Company provides solutions that enhance productivity, reduce costs, and improve safety for utility and government customers.
  • X2M Connect has connected over 500,000 devices globally, with a presence in Japan, South Korea, Taiwan, and the Middle East.
  • Revenue is generated through hardware sales, SaaS and platform fees, and device connection charges.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.