DataWalk Secures New Contract with Polaris Wireless Amid Investors TFI Share Disposal

Event: Another sale to Polaris Wireless; disposal of shares by Investors TFI

Today, before the start of the market session, the Company informed that it obtained a purchase order from Polaris Wireless based in Mountain View, California, for the license sale of DataWalk’s analytical platform. The information about initial sales was released on September 20, 2022. DataWalk also briefed about the disposal of 194,000 shares (3.78% in the capital) by Investors TFI on November 7. Investors TFI’s share in equity/ votes fell from 11.57%/10.14%, to 7.79%/6.83%.

 

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Expected impact:

Slightly positive as regards the new contract; it is another purchase order (contract extension) with the existing client which confirms the efficiency of DataWalk’s product. As far as the disposal of shares by Investors TFI is concerned, it can be interpreted in two ways: (i) as a sale of some package to use the acquired proceeds for a purchase of shares in a potential share issue in the future, or (ii) as the transaction without such a purpose. Undoubtedly, the first option would be more optimistic for DataWalk.