RTTNews | Dec 29, 2020 10:35AM EST

10:34 Tuesday, December 29, 2020 (RTTNews.com) - Shares of Integrated Media Technology Ltd. (IMTE) gained over 35% on Tuesday morning.

The company, in an SEC filing, revealed that on December 21 it entered into a placement agreement with IPO Solutions Limited, an independent third party, to raise $1 million for the new filter product design business.

IMTE is currently trading at $5.40, up $1.47 or 37.40%, on the Nasdaq.

Integrated Media Technology develops, sells, and distributes 3D autostereoscopic display (ASD) technology products and services in Australia, Hong Kong, and China.

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