Australia's Locate Technologies rises on New Zealand listing intention
ReutersSep 12, 2025 5:26 AM
Locate Technologies LOC.AX had surged as much as 33%, its biggest intraday gain since July 14, before trimming to trade 7.4% higher at A$0.058
Tracking software provider plans arrangement with an unidentified NZ incorporated entity to move listing from ASX to NZX main board
Under deal, co's shareholders to receive one NZ entity share for each LOC share held
Says the move will enable more efficient pursuit of bitcoin investment strategy
Despite jump, stock down nearly 7% so far this week, set for eighth consecutive weekly decline
YTD, LOC decline at ~24%
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