Memphasys Ltd (AU:MEM) has released an update.
Memphasys Limited (ASX: MEM) has voluntarily requested an immediate suspension of its shares from trading on the ASX, in anticipation of an announcement regarding a capital raising effort. The company is currently in a trading halt, which was set to end, but due to ongoing preparations for the capital raise, they have sought an extension of the suspension. The suspension is expected to be brief, with plans to release the pertinent information before the market opens on the following Thursday, according to the company’s managing director and CEO.
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