Smart Parking Limited (ASX:SPZ) Requests Trading Halt
Trading Halt Request
Smart Parking Limited (ASX: SPZ) has requested an immediate trading halt from 17 February 2025 until 19 February 2025. The halt is pending the outcome of the institutional component of its accelerated entitlement offer.
Reason for Halt
The trading halt is necessary to enable the company to orderly release information regarding a potential acquisition and commence the associated capital raising. Additionally, the company will lodge an Appendix 4D about its interim financial report for the half year ending 31 December 2024.
Duration and Conclusion
The trading halt is expected to remain in place until the company announces the completion of the capital raising and the accelerated component of the non-renounceable entitlement offer, anticipated by 19 February 2025.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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