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- Structural Monitoring Systems (SMN) halts trade pending a capital raising
- The company has yet to disclose how much money it will raise and how it plans to spend the funds
- SMN shares are expected to come out of the trading halt on Wednesday, September 14
- Shares in SMN last traded at 43 cents on September 9
Structural Monitoring Systems (SMN) has halted trade pending a capital raising.
The company has yet to disclose how much money it will raise and how it plans to spend the funds.
SMN shares are expected to come out of the trading halt on Wednesday, September 14.
The company recently appointed Ross Love as Executive Chairman of the company.
Mr Love is an experienced global executive and consultant with extensive public and private sector experience in developing and executing policy reforms and business strategy transformations in Australia and the US, with a focus in the airline business.
Chairman Bryant McLarty said he was thrilled that Mr Love had accepted the position as incoming SMS chairman and welcomed the decades of experience, leadership and high-level business acumen that he brings to the role.
Also, SMN had restructured its business to accelerate its path towards full commercialisation of its aircraft structural cracks sensor technology, CVM.
Shares in SMN last traded at 43 cents on September 9.
