Linius Technologies trading halt request for capital raising initiative

Linius Technologies Limited (ASX: $LNU) has requested an immediate trading halt over its securities as the company finalizes a capital raising initiative. The trading halt is requested from the commencement of trading on Thursday, 11 April 2024, until the commencement of trading on Monday, 15 April 2024, or upon the release of an announcement regarding the capital raising and the issue of securities.

Executive Commentary on Trading Halt Request

The request for a trading halt is in line with the company's ongoing efforts to strengthen its financial position and support its strategic initiatives. We are finalizing the details of the capital raising initiative and look forward to providing the market with a comprehensive announcement at the earliest opportunity.

Summary of Linius Technologies' Trading Halt Request

Linius Technologies (ASX: $LNU) has requested a trading halt as it finalizes a capital raising initiative. The company aims to enhance its financial position and support its strategic initiatives through this initiative. The trading halt is expected to be lifted upon the release of an announcement regarding the capital raising and the issue of securities. This move reflects the company's proactive approach to strengthening its position in the market and supporting its future endeavors.