The Calmer Co International (ASX:CCO) has initiated a trading halt on its securities. The halt began on Monday, 2 December 2024, with the purpose of preventing uninformed trading. It will remain in effect until an announcement regarding a proposed capital raising is made or normal trading resumes on Wednesday, 4 December 2024.
The Calmer Co International has requested a trading halt to prepare for an upcoming capital raising announcement. This measure is to ensure that trading does not occur on an uninformed basis. The halt is expected to last until the announcement is made or by the start of trading on 4 December 2024. The company's board of directors has approved this request in compliance with ASX Listing Rule 17.1. The trading halt aims to stabilize the company's financial position and align with its strategic objectives.
The trading halt has been requested due to an impending announcement regarding a capital raise.