Overview of Mighty Kingdom's suspension

Mighty Kingdom (ASX:MKL) has had its securities suspended from trading since November 6, 2024. The suspension was requested by the company due to an impending announcement regarding a significant acquisition and capital raising. As of December 24, 2024, the suspension is still in effect under ASX Listing Rule 17.3, pending compliance with regulations related to a secured, convertible debt facility.

Conclusion and future outlook for Mighty Kingdom

Mighty Kingdom's securities have been suspended from trading since early November 2024 as they prepare a major announcement. The continued suspension is linked to compliance issues regarding a secured, convertible debt facility announced in late November. The ASX requires Mighty Kingdom to meet certain listing rules before considering reinstatement of their securities. The company is working towards compliance and is in close communication with the ASX to address these requirements and restore normal trading activities.

Executive insights on Mighty Kingdom's situation

The suspension of our securities is a necessary step as we work towards meeting the ASX's requirements. We are committed to ensuring full compliance and are actively engaging with the ASX to resolve this matter.