Mighty Kingdom (ASX:MKL) has voluntarily suspended its securities from trading on the ASX. The suspension, effective from 6 November 2024, is due to a pending announcement regarding a significant acquisition and capital raising. The company expects trading to resume by 8 November 2024.
Mighty Kingdom (ASX:MKL) has taken a strategic step by suspending its securities from trading in light of an upcoming announcement concerning a material acquisition and ongoing capital raising efforts. This decision underscores the company's proactive approach towards significant corporate developments. The suspension, which commenced on 6 November 2024, is slated to potentially end by 8 November 2024, contingent on the release of further information. The company remains committed to keeping stakeholders informed, with communication channels open through key executives. This period marks a pivotal moment for Mighty Kingdom as it navigates through these critical corporate maneuvers, potentially influencing its operational and financial trajectory.
The request for suspension was authorized by David Butorac, Chair, on behalf of the Board of Directors.