X2M Connect Limited Announces Multiple Securities Transactions

On August 7, 2025, X2M Connect Limited, a technology company specializing in internet-connecting technology for utility sector devices, made several announcements regarding its securities. The company, listed on the ASX All Markets with a market cap of 11,570,000 AUD, operates primarily out of Mount Waverley, Australia, and serves a global customer base.

Cleansing Notice

X2M Connect issued a cleansing notice under Section 708A(5)(e) of the Corporations Act 2001. The company confirmed the issuance of fully paid ordinary shares and/or options without disclosure to investors under Part 6D.2 or Part 7.9 of the Corporations Act. This transaction was documented in an ASX Appendix 2As lodged on the same day.

Notification of Unquoted Securities

Two separate notifications were made regarding unquoted equity securities. The first involved the issuance of 145,408,587 placement options and an equal number of piggy back options, both set for August 7, 2025. The second notification detailed the issuance of 602,031 convertible notes and 80,560,930 call options expiring on August 5, 2028, both dated August 6, 2025. The specific class codes for these new securities are yet to be confirmed.

Application for Quotation of Securities

X2M Connect applied for the quotation of its ordinary fully paid shares, with 95,612,365 shares issued following shareholder approval on July 31, 2025. These shares were issued on August 5, 2025.

Cessation of Securities

The company also announced the cessation of 1,700,000 X2MAU convertible notes, which ceased due to cancellation by agreement between X2M Connect and the holders, effective August 6, 2025.

Financial Overview

As of August 5, 2025, X2M Connect’s close price was 0.019 AUD, with a 52-week high of 0.041 AUD on August 15, 2024, and a low of 0.012734 AUD on July 15, 2025. The company’s price-to-earnings ratio stands at -1.01, reflecting its current financial performance.

These announcements reflect X2M Connect’s ongoing efforts to manage its equity structure and engage with its investor base.