IXUP Limited trading halt announcement

IXUP Limited (ASX: IXU) has announced a trading halt on its ASX-listed shares. This halt is in anticipation of a forthcoming announcement regarding a proposed capital raising, specifically a Strategic Placement. The trading halt is expected to last until the start of normal trading on 10 December 2024 or until the announcement is made.

Summary and outlook of IXUP's strategic move

IXUP Limited has initiated a trading halt on its shares in light of an upcoming announcement about a proposed capital raising through a Strategic Placement. This move is aligned with the company's efforts to adhere to continuous disclosure obligations. The halt will remain until either the announcement is made or normal trading resumes on 10 December 2024. IXUP, a leader in secure data analytics, continues to focus on its mission to unlock and commercialize dormant data assets while ensuring privacy and compliance. The forthcoming capital raising is anticipated to support IXUP's strategic objectives and facilitate further growth in their technological solutions. The company remains committed to its exclusive partnership with the Australian Government for the BetStop service, reinforcing its role in secure data collaboration.

Executive commentary on trading halt

The trading halt was requested in accordance with ASX Listing Rule 17.1 to manage continuous disclosure obligations related to the finalization of a Strategic Placement.