- AD1 Holdings (AD1) has entered back-to-back trading halts ahead of a capital raise announcement
- AD1 Holdings is a recruitment technology company which connect employers to prospective job candidates
- Recently, AD1’s subsidiary, Utility Software Services, entered a three-year contract with energy retailer, Power Club
- Ad1 also announced it would acquire mentoring company, Art of Mentoring, for $1.5 million
- At this stage, it is unclear what the funds from the upcoming capital raise will be used for
- Company shares last traded for 6.6 cents on Tuesday, October 6
AD1 Holdings (AD1) has entered back-to-back trading halts ahead of a capital raise announcement.
The company will remain in the trading halts until Tuesday, October 13, unless the capital raise is announced earlier.
At this stage, it is uncertain what the funds from the capital raise will be used for.
AD1 Holdings is a recruitment technology company that connect employers to prospective job candidates.
At the end of last month, Ad1 announced it would acquire mentoring program provider Art of Mentoring (AoM) for $1.5 million.
AoM is an Australia-based mentoring company that delivers different mentoring programs through a software-as-a-solution (SaaS) platform.
AD1 CEO, Prashant Chandra, said the acquisition of AoM is highly strategic and an important milestone.
“We will continue to drive organic growth and pursue additional strategic acquisition opportunities as they present themselves,” he said.
Ad1 also achieved another win in September when its subsidiary, Utility Software Services (USS), signed a three-year contract with energy retailer, Power Club.
Under the contract, USS will provide its CORE Customer Interface SaaS platform and related managed services to Powerclub.
Company shares last traded for 6.6 cents on Tuesday, October 6.