SportsHero Limited (ASX:SHO) has requested a trading halt from ASX for its fully paid ordinary shares. The halt is sought to ensure an orderly market in the company's securities ahead of an anticipated announcement regarding the completion of a proposed capital raising. The trading halt is expected to continue until the company makes the announcement or the commencement of trading on Friday, 27 September 2024.
SportsHero Limited has formally requested a trading halt from ASX in line with Listing Rule 17.1. The halt is aimed at facilitating a smooth and organized market environment for the company's securities, as the company prepares to make a significant announcement related to the completion of a proposed capital raising. The trading halt is expected to be lifted upon the company's announcement to the market.
SportsHero Limited (ASX:SHO) has requested a trading halt to ensure an orderly market in its securities ahead of an anticipated announcement regarding the completion of a proposed capital raising. The halt is expected to be lifted upon the company's announcement to the market. This move indicates the company's strategic approach to managing market conditions and communicating important developments to its stakeholders.