Australia's Linius Technologies rises on securing $163,000 contract

ION Video

11/08/2025 05:11

** Shares of Linius Technologies LNU.AX rise 50% to A$0.0015, their highest since April 1

** Video tech provider announces first sale of its fan engagement solution, Captivate, to Honest Technology Partners LLC

** Captivate helps sports rights-holders offer fans personalised, interactive video experience on their own platforms

** Deal is valued at over A$250,000 ($163,125)

** More than 19 mln shares change hands, ~8x the 30-day avg

** Stock down 25% YTD

($1 = 1.5326 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com))