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HitIQ Limited Suspends Trading Pending Capital Raising Announcement

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HitIQ Limited ( (AU:HIQ) ) has issued an announcement.

HitIQ Limited has announced a voluntary suspension of its securities from quotation on the Australian Securities Exchange, pending an announcement regarding a proposed capital raising. This move, approved by the company’s board, extends a previous trading halt and is expected to conclude by the start of trading on May 1, 2025. The suspension is part of HitIQ’s strategic efforts to secure additional capital, which could impact its operational capabilities and market positioning.

More about HitIQ Limited

HitIQ Limited operates in the technology industry, focusing on developing and providing innovative solutions for monitoring and managing head impacts in sports. The company aims to enhance player safety and performance through its advanced head impact sensor technology.

YTD Price Performance: -50.0%

Average Trading Volume: 260,249

Technical Sentiment Signal: Buy

Current Market Cap: A$9.23M

Learn more about HIQ stock on TipRanks’ Stock Analysis page.

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