Spacetalk Ltd requests trading halt for capital raise announcement

Spacetalk Ltd (ASX:SPA) has requested a trading halt from the commencement of trading on Monday, 16 September 2024, until the earlier of the commencement of trading on Wednesday, 18 September 2024, or the release of an announcement by SPA in connection with a placement and accelerated offer (Capital Raise). The company expects to make the announcement before the commencement of normal trading on Wednesday, 18 September 2024.

Request for trading halt explained by Spacetalk Ltd

Spacetalk Ltd (ASX:SPA) has requested a trading halt in accordance with ASX Listing Rule 17.1, pending the release of an announcement regarding the outcome of the institutional component of the accelerated entitlement offer. The company expects to make the announcement before the commencement of normal trading on Wednesday, 18 September 2024.

Spacetalk Ltd trading halt summary and outlook

Spacetalk Ltd (ASX:SPA) has requested a trading halt in anticipation of releasing an announcement regarding a capital raise. The company aims to provide further details on the outcome of the institutional component of the accelerated entitlement offer before the commencement of normal trading on Wednesday, 18 September 2024. This trading halt indicates the company's commitment to ensuring that all shareholders have access to the relevant information simultaneously, in line with regulatory requirements.