Cardiex (ASX:CDX) has requested a temporary trading halt on its securities. The halt is due to a proposed capital raising. The company expects to resume trading by December 18, 2024, following the announcement. Cardiex has confirmed no further information is required at this time.
Cardiex has paused trading in anticipation of a capital raising announcement, a strategic move likely aiming to bolster its financial resources. The halt, effective from December 16 to December 18, 2024, aligns with ASX Listing Rule 17.1, ensuring market fairness and preventing speculative trading. This action may indicate upcoming developments in the company's growth or operational strategies. Stakeholders are advised to watch for the upcoming announcement to understand its impact on Cardiex's market trajectory and strategic objectives.
There is no additional information required to inform the market about the trading halt, and the company is not aware of any reasons why the trading halt should not be granted.