Chariot Corporation announces trading halt

Chariot Corporation (ASX: CC9) has announced a trading halt on its shares. This is in preparation for a significant announcement about a proposed capital raising. The halt is effective immediately and will last until the company makes the announcement or normal trading resumes on Monday, 21 October 2024.

Chariot Corporation's strategic trading halt

Chariot Corporation has strategically requested a trading halt for its shares to manage the release of a significant capital raising announcement. This request aligns with ASX Listing Rule 17.1, allowing the company to prevent disorderly market conditions and ensure simultaneous information dissemination to stakeholders. The trading halt is expected to end with the forthcoming announcement or at the start of normal trading on 21 October 2024. The company's Joint Company Secretary, Aaron Gates, has formalized the request, confirming no other reasons for the halt. As Chariot Corporation prepares for this capital raising, it aims to maintain market integrity and investor confidence.

Official statement from Chariot Corporation

The primary reason for the trading halt is to prepare and release an announcement concerning a proposed capital raising.' 'The trading halt will remain in place until either the announcement is made or the start of normal trading on 21 October 2024.' 'The request for a trading halt complies with ASX Listing Rule 17.1.