Memphasys voluntary suspension request for capital raising announcement

Memphasys Limited (ASX:MEM) has requested a voluntary suspension from ASX trading, following a trading halt, in connection with an upcoming announcement regarding a proposed capital raising. The voluntary suspension is expected to last until the anticipated announcement is made before the commencement of trading on Thursday, 12 September 2024.

Executive Commentary

Memphasys Limited (ASX:MEM) has requested a voluntary suspension from ASX trading in connection with an upcoming announcement regarding a proposed capital raising. The company is currently undertaking activities related to the purpose but is not yet in a position to make the anticipated ASX announcement to the market. The voluntary suspension is expected to last until the company makes the announcement to the ASX, which is currently anticipated to be before the commencement of trading on Thursday, 12 September 2024. The request for voluntary suspension has been approved by the board of Memphasys Limited.

Summary

Memphasys Limited (ASX:MEM) has requested a voluntary suspension from ASX trading in connection with an upcoming announcement regarding a proposed capital raising. The company expects the voluntary suspension to last until the anticipated announcement is made before the commencement of trading on Thursday, 12 September 2024. The request has been approved by the board of Memphasys Limited. The purpose of the voluntary suspension is to ensure that the market is informed about the upcoming announcement and to provide a fair and orderly market for the trading of Memphasys' securities. Investors and stakeholders are advised to stay updated with the company's announcements for further developments.