HITIQ Ltd Responds to ASX Price and Volume Query
Key points
- HITIQ Ltd is not aware of any undisclosed information affecting its securities.
- Recent trading activity is attributed to a private placement raising $1.4 million.
- The company confirms compliance with ASX Listing Rules, particularly Rule 3.1.
- Responses are authorized and approved by the Executive Chair.
Full summary
HITIQ Ltd responded to ASX's query regarding the recent increase in price and volume of its securities. The company confirmed that it is not aware of any undisclosed information that could explain the trading activity. The recent surge is attributed to a private placement that raised $1.4 million, with new investors indicating plans to increase their shareholdings. HITIQ Ltd also confirmed compliance with ASX Listing Rules, particularly Rule 3.1, and stated that the responses were authorized and approved by the Executive Chair.
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