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- Harris Technology Group (HT8) has placed its securities in a trading halt as it gets ready to raise additional capital
- The online technology retailer will announce the full details of the capital raise on or before Friday, April 23
- Before today’s trading halt came into effect, HT8 had been focussed on releasing its quarterly trading update for Q3 FY21
- Harris Tech revealed it had brought in $10.4 million in unaudited sales over the period — a 206 per cent increase compared to Q3 FY20
- The company has credited the sales rise to the ongoing work from home trend as well as its move into selling gaming products
- Prior to Wednesday’s trading halt, HT8 shares were trading at 14.5 cents
Harris Technology Group (HT8) has placed its securities in a trading halt as it gets ready to raise additional capital.
The online technology retailer stated in today’s trading halt announcement that it will announce the full details of the capital raise on or before Friday, April 23.
Meanwhile, before today’s announcement, HT8 had been focussed on releasing its quarterly trading update for the third quarter of the 2021 financial year.
The report, released last week, revealed Harris Tech had brought in $10.4 million in unaudited sales over the period — a 206 per cent increase compared to Q3 FY20.
The company has credited the sales rise to the ongoing work-from-home trend as well as its move into selling various gaming products.
In particular, HT8 said products like custom-built PCs, gaming mice and keyboards and high-end graphics cards all proved popular over the quarter.
Prior to Wednesday’s trading halt coming into effect, HT8 shares were trading at 14.5 cents per share on April 20.
