Calix trading halt announcement

Calix (ASX:CXL) has announced a trading halt on its securities effective from December 6, 2024. The halt is in place pending an announcement concerning a proposed capital raising. Trading will resume by December 9, 2024, unless the announcement is made earlier.

Calix trading halt and capital raising overview

Calix (ASX:CXL) has requested a trading halt, effective from December 6, 2024, to address a proposed capital raising. This halt complies with ASX Listing Rule 17.1 and aims to ensure transparency and market fairness. The halt will remain until an announcement is made or by the start of trading on December 9, 2024. The capital raising initiative reflects Calix’s strategic efforts to bolster its financial position. Stakeholders should anticipate further details in the forthcoming announcement, which will outline the specifics of the capital raising and its intended benefits for Calix's growth and market strategy.

Executive commentary on trading halt

The trading halt is necessary to manage the capital raising process efficiently. We aim to maintain market integrity and ensure all stakeholders are adequately informed.