X2M Connect Halts Trading Pending Capital Raising Announcement
Key points
- X2M Connect requested a trading halt
- Halt is pending a capital raising announcement
- Trading will resume on July 24, 2026, or earlier if announcement released
Full summary
X2M Connect Limited (ASX:X2M), an Australian IoT technology company, has requested a trading halt for its securities pending the release of an announcement concerning a capital raising. The trading halt will remain in effect until the earlier of the release of the announcement or the commencement of normal trading on Friday, July 24, 2026. The company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.
Outlook
X2M Connect is preparing to announce a capital raising to support its growth and expansion plans.
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