Welcome to our dedicated page for Integrated Media news (Ticker: IMTE), a resource for investors and traders seeking the latest updates and insights on Integrated Media stock.
Integrated Media Technology Limited (NASDAQ: IMTE) is an Australian company that reports activities across manufacturing, Halal products, and digital asset platforms. Its news flow, as reflected in press releases and current reports, often centers on listing compliance with the Nasdaq Capital Market, corporate actions affecting its shares, and developments in its Halal and digital asset businesses.
Investors following IMTE news will find detailed updates on Nasdaq listing matters, including notifications about minimum bid price requirements, deficiency letters related to delayed Form 20-F and interim filings, delisting determination letters, and the company’s responses such as requesting hearings before a Nasdaq Hearings Panel. News items have also covered a 1-for-10 share consolidation of IMTE’s ordinary shares, which the company stated was intended in part to address minimum bid price requirements.
Beyond listing and regulatory updates, IMTE’s announcements describe business initiatives in its Halal and digital asset segments. These include a memorandum of understanding through its subsidiary World Integrated Supply Ecosystem Sdn. Bhd. with Thai Halal organizations to support sourcing and promotion of Halal products, and a cooperation agreement through its subsidiary Ace Corporation Limited to create digital assets and NFTs for art collections to be offered on the Ouction platform. Additional news has outlined IMTE’s description of its operations in manufacturing and selling electronic glass and nano coated plates for filters.
This news page aggregates such company-issued updates and related coverage, allowing readers to review IMTE’s disclosures on regulatory compliance, share structure changes, Halal product sourcing, and digital asset initiatives over time.
Integrated Media Technology Limited (IMTE) announced its Board of Directors' approval to divest its lamination glass operation in China. The Company plans to sell or spin off the electronic glass business into a publicly traded entity, aiming to enhance operational value and focus on business development. This capital-intensive operation will require access to capital markets and is subject to regulatory and shareholder approvals. IMTE expects to execute this reorganization in 2022.
Integrated Media Technology Limited (NASDAQ: IMTE) has signed an Assignment and Assumption Agreement to develop a Blockchain-based NFT trading platform named 'Ouction'. The company plans to invest up to US$1 million for a 60% equity stake in Ace Corporation Limited, the partner in this venture. Additionally, IMTE has outlined a deferred payment structure based on Ace's future earnings and a bonus contingent on Ace's listing on a recognized exchange within five years. The Ouction platform aims to merge e-commerce with NFT transactions and will feature dynamic image cryptographic verification technology.
Greifenberg Digital, part of IMTE Group, launched Credit AI, a sophisticated suite of risk analytics focused on nearly 30,000 Chinese local-currency corporate bonds. The system features advanced tools such as a financial scoring model, machine-learning algorithms, and Natural Language Processing to assess default risks and gauge sentiment about bond issuers. With rigorous testing indicating proven predictive value, Credit AI aims to enhance credit risk management in China's volatile bond market. The service is available to institutional investors, supported by a White Paper detailing its performance.
Integrated Media Technology Limited (NASDAQ: IMTE) has signed a conditional agreement to acquire 100% of Magnum International Holdings Limited for US$11 million, payable via 3,630,360 ordinary shares at US$3.03 per share. This transaction is subject to satisfactory due diligence on Magnum's legal and financial matters and must be completed within three months. Magnum specializes in developing a post-diagnosis medical and healthcare platform utilizing big data and AI. The acquisition aims to enhance IMTE's entry into the healthcare technology market.
Integrated Media Technology Limited (NASDAQ: IMTE) announced a registered direct offering, selling 888,888 ordinary shares at $3.15 each, totaling $2.8 million. The proceeds will be used to enhance its electronic glass business and for working capital. The offering follows a shelf registration statement declared effective by the SEC in October 2018. Chairman Con Unerkov stated this move aims to strengthen the company’s capital base and support growth in its electronic glass sector.
Integrated Media Technology Limited (IMTE) announces that its financial research subsidiary, Greifenberg Capital Limited, made its debut on Bloomberg Radio on March 25, 2021. Uwe Parpart, CEO and Head of China Macroeconomics and Policy Research at Greifenberg, discussed investment opportunities in China and global fixed income and currency markets. This appearance emphasizes IMTE's expansion into financial research, complementing its existing business in glasses-free 3D display technology and electronic glass manufacturing.
Integrated Media Technology Limited (NASDAQ: IMTE) has successfully closed its direct offering of 708,000 ordinary shares at US$6.50 each, totaling US$4.602 million. The net proceeds of approximately US$4.577 million will be utilized to strengthen the company’s balance sheet and expand its switchable glass and IoT business sectors. The offering was conducted under a shelf registration statement filed with the SEC. This capital influx is poised to enhance IMTE's market positioning, especially in their air filter and IoT ventures, according to CEO Con Unerkov.
Integrated Media Technology Limited (NASDAQ: IMTE) announced a registered direct offering of 708,000 ordinary shares at $6.50 per share, raising approximately $4.577 million after expenses. The transaction is set to close on March 25, 2021. Proceeds will be used for developing switchable glass, non-plated filters, and general working capital. Chairman Con Unerkov described the offering as a positive move to strengthen the company's capital base and enhance operations. The offering complies with the company's effective shelf registration statement filed with the SEC.
Integrated Media Technology Limited (NASDAQ: IMTE) announced the formation of a new IoT business unit through a conditional agreement to acquire a 70% equity interest in Shenzhen Koala Wisdom Fire Engineering Co., Ltd. Shenzhen Koala specializes in IoT solutions, particularly a tracking system for monitoring objects dropped from high-rise buildings. Mr. Con Unerkov, CEO, indicated that this investment marks IMTE's entry into the growing IoT sector, aligning with their strategy to expand aggressively through acquisitions. More details can be found in their Form 6K on the SEC website.
Integrated Media Technology Limited (NASDAQ: IMTE) announced Board changes on January 19, 2021. Mr. Luis Puyat was appointed as Independent non-Executive Director and joined the Audit and Remuneration Committees, increasing the Board size to six members. Puyat, a seasoned financial executive, has over 25 years of experience and aims to contribute to IMTE's new securities research and risk analysis operations in China. Concurrently, Mr. Uwe Parpart transitioned to Executive Director, resigning from the Audit Committee. The Company recently acquired a stake in Greifenberg Capital Limited for this new initiative.
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