Unith Divests Partial AudioStack Stake for About $500,000, Shares Rise Past 8%

MT Newswires Live

Jan 13, 2025

Unith Ltd (ASX:UNT) sold some of its stake in AudioStack for about $500,000 to boost its cash position, according to a Monday Australian bourse filing.

The divestment would help the firm to invest in further growth and development initiatives.

Unith's remaining stake in AudioStack is valued at about $1.5 million. It renewed its partnership to use AudioStack AI audio technology in the UNITH Digital Human platform for 24 months.

It also renewed an existing contract with business-to-business enterprise client Alliance for Public Health in support of TWIIN, a digital assistant for healthcare delivery in crisis-based settings.

The one-year contract extension includes a license-only arrangement for additional services.

Its shares surged past 8% in recent trading on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503328643"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503328643\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503328643?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-13 14:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503328643","market":"sg","top_or_hot":-1,"title":"Unith Divests Partial AudioStack Stake for About $500,000, Shares Rise Past 8%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/UNTN.AU\">Unith Ltd</a> (ASX:UNT) sold some of its stake in AudioStack for about $500,000 to boost its cash position, according to a Monday Australian bourse filing.</p><p>The divestment would help the firm to invest in further growth and development initiatives.</p><p>Unith's remaining stake in AudioStack is valued at about $1.5 million. It renewed its partnership to use AudioStack AI audio technology in the UNITH Digital Human platform for 24 months.</p><p>It also renewed an existing contract with business-to-business enterprise client Alliance for Public Health in support of TWIIN, a digital assistant for healthcare delivery in crisis-based settings.</p><p>The one-year contract extension includes a license-only arrangement for additional services.</p><p>Its shares surged past 8% in recent trading on Monday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unith Divests Partial AudioStack Stake for About $500,000, Shares Rise Past 8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnith Divests Partial AudioStack Stake for About $500,000, Shares Rise Past 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-13 14:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/UNTN.AU\">Unith Ltd</a> (ASX:UNT) sold some of its stake in AudioStack for about $500,000 to boost its cash position, according to a Monday Australian bourse filing.</p><p>The divestment would help the firm to invest in further growth and development initiatives.</p><p>Unith's remaining stake in AudioStack is valued at about $1.5 million. It renewed its partnership to use AudioStack AI audio technology in the UNITH Digital Human platform for 24 months.</p><p>It also renewed an existing contract with business-to-business enterprise client Alliance for Public Health in support of TWIIN, a digital assistant for healthcare delivery in crisis-based settings.</p><p>The one-year contract extension includes a license-only arrangement for additional services.</p><p>Its shares surged past 8% in recent trading on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7045","symbol_name":"广告","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503328643","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503328643","pubTimestamp":1736749903,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Unith Ltd  sold some of its stake in AudioStack for about $500,000 to boost its cash position, according to a Monday Australian bourse filing.The divestment would help the firm to invest in further growth and development initiatives.Unith's remaining stake in AudioStack is valued at about $1.5 million. It renewed its partnership to use AudioStack AI audio technology in the UNITH Digital Human platform for 24 months.It also renewed an existing contract with business-to-business enterprise client Alliance for Public Health in support of TWIIN, a digital assistant for healthcare delivery in crisis-based settings.The one-year contract extension includes a license-only arrangement for additional services.Its shares surged past 8% in recent trading on Monday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7045":"广告","UNT.AU":"UNITH LTD"},"translate_title":"Unith以约50万美元剥离部分AudioStack股份，股价上涨逾8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNT.AU":0.9},"content_text":"Unith Ltd (ASX:UNT) sold some of its stake in AudioStack for about $500,000 to boost its cash position, according to a Monday Australian bourse filing.The divestment would help the firm to invest in further growth and development initiatives.Unith's remaining stake in AudioStack is valued at about $1.5 million. It renewed its partnership to use AudioStack AI audio technology in the UNITH Digital Human platform for 24 months.It also renewed an existing contract with business-to-business enterprise client Alliance for Public Health in support of TWIIN, a digital assistant for healthcare delivery in crisis-based settings.The one-year contract extension includes a license-only arrangement for additional services.Its shares surged past 8% in recent trading on Monday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}