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- Janison Education (JAN) has locked company shares in a trading halt while it undertakes capital raise preparations
- The trading halt is set to be lifted later this week when a formal announcement regarding raise is made to market
- At this stage, Janison Education has not indicated how much it is hoping to raise or how it plans to spend the funds
- Janison reported a cash and equivalents balance of approximately $9.9 million in its most recent December half-yearly report
- Prior to today’s trading halt, Janison Education shares last traded at 89 cents.
Janison Education (JAN) has locked company shares in a trading halt while it undertakes capital raise preparations.
An announcement containing further information on the raise is expected later this week on Friday June 23, at which time the trading halt is set to be lifted.
The education technology has not explicitly indicated how much it is looking to raise or for what purpose at this stage.
In the company’s recent activities, Jansion reported its assessment platform had been used almost three million times by more than 800,000 schools during the online assessment phase of NAPLAN exams.
JAN affirms this has set a new record since beginning the NAPLAN online rollout in 2017 and a first in online schools’ assessment in Australia.
Broadly, the ASX-lister said it hopes to continue acquiring enterprise clients on the Janison standardised assessment platform and increase the number and reach of its school assessment products.
Janison reported a cash and equivalents balance of approximately $9.9 million in its most recent December half-yearly report.
Prior to today’s trading halt, Janison Education shares last traded at 89 cents.
