Noviqtech's strategic trading halt

Noviqtech Limited (ASX: NVQ) has requested a trading halt for its securities, effective 13 November 2024. The halt is due to a forthcoming announcement regarding a capital raising initiative. Scheduled to end no later than 15 November 2024, this pause allows the company to plan and execute the capital raising effectively.

Noviqtech's capital raising plans

Noviqtech Limited has initiated a trading halt on the ASX to prepare for a capital raising announcement. The halt will last up to two trading days, allowing the company to finalize its plans for raising funds. Noviqtech is focused on artificial intelligence and distributed ledger technology to improve supply chain transparency and sustainability. The company operates brands like NoviqAl and Carbon Central, which provide solutions across various industries. The capital raising is a strategic move to support Noviqtech's growth and innovation ambitions.

Executive insights on trading halt

The halt is necessary to ensure that we have the time and space to conduct the capital raising efficiently and effectively. We believe this strategic pause is in the best interest of our shareholders and the market.