IXUP requests trading halt for capital raising announcement

IXUP Limited (ASX:IXU) has requested a trading halt from the Australian Securities Exchange (ASX) in relation to the Company's ordinary shares. The trading halt is requested pending an announcement by the Company regarding a proposed capital raising. The halt is expected to remain in place until the earlier of the commencement of normal trading on Thursday, 26 September 2024, or when the announcement regarding the capital raising is released to the market.

IXUP's focus on secure data analytics and technology products

IXUP Limited, an innovative technology company, is focused on collaborative and secure data analytics. The Company's suite of software products facilitates the secure sharing and analysis of sensitive information using advanced security technology. IXUP's data collaboration products are being commercialized at a crucial junction when the need to share and drive revenue from sensitive data and dormant data assets is becoming more important yet more difficult to achieve. Additionally, IXUP is the developer and operator of BetStop - National Self Exclusion Register TM under exclusive contract with the Commonwealth Government of Australia via the Australian Communications and Media Authority (ACMA).

Outlook for IXUP's capital raising and technology products

IXUP Limited (ASX:IXU) has requested a trading halt from the ASX in preparation for an announcement regarding a proposed capital raising. The Company's focus on secure data analytics and technology products positions it in a pivotal role to address the increasing need for secure data sharing and analysis. With the upcoming announcement, IXUP aims to further strengthen its position in the market and enhance its capabilities in facilitating secure data collaboration. Additionally, the Company's exclusive contract with the Commonwealth Government of Australia for BetStop - National Self Exclusion Register TM demonstrates its commitment to providing innovative solutions in the technology sector. The trading halt indicates a significant development for IXUP, and the market awaits the announcement regarding the proposed capital raising with anticipation.