Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,673.90
0.39%
Copper
4.36
(0.99%)
Oil
70.94
(0.8%)
Bitcoin
65,699.95
(0.55%)
FTSE 100
8,263.73
(0.35%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.15%)
Hang Seng
20,318.79
(3.46%)

KneoMedia (ASX: $KNM) progresses funding initiatives and contract renewals

KneoMedia financial and operational update


KneoMedia Limited (ASX:KNM) has been focused on achieving the resumption of trading of KNM shares on the ASX since the shares were suspended on 7 March 2024. The company has undertaken a $1.25 million capital raising, negotiated repayment terms of existing convertible notes and loan borrowings, and successfully conducted an Extraordinary General Meeting (EGM) to address funding requirements and lift the suspension of trading of its shares. Additionally, KneoMedia has renewed existing paid contracts associated with the Connect ALL Kids education program with the New York City Department of Education and received A$700,000 net for the first license renewal for the FY 2025 school year.

Executive commentary on company's initiatives


The Board has been fully focused on achieving the resumption of trading of KNM shares on the ASX and has taken a range of initiatives to address funding requirements and lift the suspension of trading of its shares in the near-term. We are pleased with the successful negotiation of the repayment terms of existing convertible notes and loan borrowings, as well as the outcome of the Extraordinary General Meeting (EGM) where all resolutions were passed. The renewal of contracts associated with the Connect ALL Kids education program and the progress made in adopting the new EdTech platform for mandated testing by the New York State Education Department are positive developments for the company's future.

Summary of KneoMedia's financial and operational update


KneoMedia (ASX:KNM) has made significant progress in addressing funding requirements and lifting the suspension of trading of its shares on the ASX. The company has undertaken a $1.25 million capital raising, negotiated repayment terms of existing convertible notes and loan borrowings, and successfully conducted an Extraordinary General Meeting (EGM). Additionally, KneoMedia has renewed existing paid contracts associated with the Connect ALL Kids education program and received A$700,000 net for the first license renewal for the FY 2025 school year. The company will shortly be announcing a partially underwritten Non-renounceable Entitlements Issue with a shortfall facility to further strengthen its balance sheet. The progress in adopting the new EdTech platform for mandated testing by the New York State Education Department is a positive development. KneoMedia's focus on addressing funding requirements and renewing contracts demonstrates its commitment to enhancing shareholder value and sustaining its operations.

KNEOMEDIA LIMITED
KNM | ASX | Communication Services
0.0020(+0%)
At close 14/10 (AEDT)
Market cap
$0
Volume
0
DY Yield
PE Ratio
52 Week Range
-
1YR Return
N / A

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