- BPH Energy (BPH) has asked for back-to-back trading halts, as it gears up for a capital raise
- The trading halts will remain in place until July 23, or until the capital raise announcement is released
- This is the third time in the last three months the company has issued shares
- While more recently, one of BPH’s investee company’s filed a new international patent application for measuring brain activity
- Before today’s trading halt, shares in the company last traded for 1.7 cents per share
BPH Energy (BPH) has successfully requested back-to-back trading halts be implemented by the ASX, as it gears up for a capital raise.
The two consecutive trading halts of two days each will stay in place until July 23, or until the capital raise announcement is released.
The company requested the back-to-back halts, a measure introduced by the ASX since the COVID-19 pandemic began, so that it can consider, plan and execute the equity raise.
No details on the capital raise have been announced just yet. But this is the third time the company has issued shares in the last three months, with a $333,600 placement undertaken in May, and an additional 12,500 shares issued in June.
More recently, the company also announced one of its investee company’s, Cortical Dynamics, had filed a new international patent application for measuring brain activity.
Before today’s trading halts, shares in BPH were trading for 1.7 cents each on July 16.