Australia's Xpon Technologies rises on divesting Google platforms

XPON Technologies

15/06/2026 05:04

** Shares of AI marketing technology firm Xpon Technologies XPN.AX rise 33.3% to A$0.012, their highest level since May 13
** Co to divest its Google Marketing Platform (GMP) and Google Cloud Platform (GCP) business to Incubeta Australia pty
** Deal valued at up to A$7.5 million ($5.31 million)
** About 23.3 mln shares change hands, 17.9x the 30-day average of 1.3 mln
** Stock up 9.1% YTD including moves in current session


($1 = 1.4118 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))