Booktopia Group's Request for Voluntary Suspension Extension

Booktopia Group Limited (ASX: $BKG) has requested an extension of the voluntary suspension on its securities until it is capable of making an announcement regarding the additional funding it is seeking. The company expects to provide this announcement by Friday 19 July 2024. Booktopia Group is actively seeking funding to enhance its liquidity, cover redundancy costs, and ensure ongoing working capital.

Executive Commentary

The Company is diligently working towards securing the necessary funding to bolster our financial position. We are engaging with potential investors, suppliers, and existing shareholders to meet the preconditions required for the funding. The decision to extend the voluntary suspension is aimed at safeguarding the Company's ability to seek support and obtain the essential funding. We are committed to providing updates on the viability and form of the funding by 19 July 2024.

Summary of Request for Voluntary Suspension Extension

Booktopia Group Limited (ASX: $BKG) has requested an extension of the voluntary suspension on its securities until it can make an announcement regarding the additional funding it is seeking, expected by 19 July 2024. The company is actively seeking funding to enhance its liquidity, cover redundancy costs, and ensure ongoing working capital. The decision to extend the suspension is to avoid any potential prejudice to the Company's ability to secure support and necessary funding. Booktopia Group remains focused on providing updates on the viability and form of the funding by the specified date.