Details of Trading Halt Request by Carbonxt Group Limited (ASX:CG1)

Carbonxt Group Limited (ASX:CG1) has requested a trading halt from the commencement of trading on 20 September 2024. The trading halt is sought to assist the company in managing its continuous disclosure obligations as it expects to make a material announcement to the market in relation to a proposed capital raise. The company anticipates the trading halt will cease upon the commencement of normal trading on 24 September 2024.

Company's Reason for Trading Halt and Expected Announcement

The trading halt has been requested to facilitate the management of continuous disclosure obligations as the company prepares to make a significant announcement regarding a proposed capital raise. The company secretary, Laura Newell, has stated that the trading halt is expected to be lifted upon the release of the announcement, which is anticipated to occur before the commencement of normal trading on 24 September 2024.

Summary of Carbonxt Group's Trading Halt Request

Carbonxt Group Limited (ASX:CG1) has requested a trading halt in anticipation of a material announcement related to a proposed capital raise. The company aims to manage its continuous disclosure obligations effectively and expects the trading halt to conclude upon the release of the announcement, which is projected to take place before the commencement of normal trading on 24 September 2024. The trading halt is a strategic step taken by the company to ensure compliance and transparency in its communication with the market regarding the upcoming capital raise.