Hexima Limited Pursues Strategic Acquisition Amidst Financial Update

Hexima Ltd (AU:HXL) has released an update.

Hexima Limited has announced its quarterly activities report for the quarter ending September 2024, highlighting its ongoing efforts to acquire Real Thing Entertainment Pty Ltd. The company reported a cash balance of just under $2 million at the end of the quarter, with a net cash outflow of $227,000 primarily due to compliance costs and professional fees related to the acquisition process. This development is crucial for investors tracking Hexima’s strategic growth and financial health.

For further insights into AU:HXL stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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