Altech Batteries (ASX: $ATC) voluntary suspension announcement

Altech Batteries Limited (ASX: $ATC) has requested a voluntary suspension for its securities under Listing Rule 17.2, pending the release of an announcement related to a capital raising. The company anticipates the voluntary suspension to end on the earlier of the commencement of normal trading on 6 August 2024 or the release of the anticipated announcement.

Executive Commentary

The company has requested the voluntary suspension to ensure a fair and orderly market while it prepares to make a significant announcement regarding a capital raising. This capital raising is material to the company and is expected to have a significant impact on its operations and future plans. We are committed to keeping our shareholders and investors informed and will provide the necessary updates as soon as possible.

Summary of Altech Batteries (ASX: $ATC) voluntary suspension

Altech Batteries Limited (ASX: $ATC) has requested a voluntary suspension from quotation under Listing Rule 17.2, pending the release of an announcement related to a capital raising. The company's decision to suspend its securities is aimed at ensuring a fair and orderly market while it prepares to make a significant announcement. The capital raising is considered material to the company, indicating its potential impact on the company's future plans and operations. Shareholders and investors are encouraged to stay updated with the company's announcements for further developments and details regarding the capital raising.