Swoop Holdings Ltd Requests Trading Halt
Key points
- Swoop Holdings Ltd requests trading halt to facilitate capital raising
- Accelerated non-renounceable, pro-rata entitlement offer planned
- Halt to remain until announcement on institutional component completion
Full summary
Swoop Holdings Ltd (ASX: SWP) has requested a trading halt on its ordinary shares, effective immediately. The trading halt has been requested to facilitate a capital raising by way of an accelerated non-renounceable, pro-rata entitlement offer. The offer will comprise an accelerated institutional entitlement offer and a retail entitlement offer. The trading halt will remain in place until the earlier of the company releasing an announcement in relation to the entitlement offer, or the commencement of trading on 5 December 2025. Swoop expects the trading halt to be ended by an announcement regarding the completion of the institutional component of the entitlement offer.
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