Key points
- Securities suspended at company's request
- Pending announcement regarding proposed capital raising
- Suspension expected to be lifted by 1 May 2025
Full summary
HITIQ Ltd has requested a voluntary suspension of its securities on the ASX, effective immediately. This follows the company's previous request for a trading halt on 28 April 2025. HITIQ is not yet in a position to make an announcement, and has requested the suspension to extend the current trading halt, pending the release of an announcement regarding a proposed capital raising. The company expects to be able to make the announcement during the course of 30 April 2025 and has requested the voluntary suspension to be in place until no later than the commencement of trading on 1 May 2025. HITIQ is not aware of any reason why the request should not be granted, nor any other information necessary to inform the market about the suspension. The request has been approved by the HITIQ board.