- Media service provider Aspermont (ASP) has entered a trading halt ahead of an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Thursday, March 4, or when more information about the raise is released to the market
- On the market, Aspermont last traded at 3.4 cents per share on March 1
Aspermont (ASP) has entered a trading halt ahead of an upcoming capital raise.
So far, there are no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Thursday, March 4, or when more information about the raise is released to the market, whichever occurs first.
Aspermont is a media service provider that has multiple segments, which include publishing, conferencing and investments.
Additionally, the company has also announced changes in its board.
Non-Executive Directors Clayton Witter and Christian West will step down from the board today, following the conclusion of annual general meeting.
Both Clayton and Christian joined the board in May 2017 and have navigated some significant challenges over the last three years.
“Clayton and Christian are leaving with the company in a far better condition than when they joined the board nearly four years ago,” Chairman Andrew Kent said.
Tricia Kilinger has joined the board as a Non-Executive Director, with over 20 years business experience in digital marketing and communications.
“I am happy to join the Board of Aspermont, a company with strong brand heritage and a robust digital B2B model,” Tricia said.
On the market, Aspermont last traded at 3.4 cents per share on March 1.