Overview of IMEXHS trading halt request

IMEXHS Limited (ASX: $IME) has requested a trading halt for its ordinary shares, pending an announcement regarding a proposed capital raising through a placement to sophisticated and institutional investors. The trading halt is expected to remain in place until the earlier of the company releasing an announcement on the capital raising or the commencement of trading on Monday, 11 March 2024.

Executive commentary on trading halt request

The Company has requested the trading halt in order to facilitate the proposed capital raising through a placement to sophisticated and institutional investors. We expect to provide further details and information to the market and ASX upon the conclusion of the trading halt.

Summary of IMEXHS trading halt and outlook

IMEXHS Limited (ASX: $IME) has requested a trading halt as it prepares to make an announcement regarding a proposed capital raising through a placement to sophisticated and institutional investors. The company anticipates ending the trading halt by releasing an announcement in relation to the capital raising. This move reflects the company's strategic efforts to secure additional funding and support its growth initiatives. Investors and stakeholders should await the company's forthcoming announcement for further insights into this development.