- Environmental solutions company Envirosuite (EVS) enters trading halt as it plans an upcoming capital raise
- Currently, it is not known how much the company is aiming to raise or where the funds will be spent
- Under the halt, Envirosuite shares will be paused until Monday, December 6, or when further information about the capital raise is released to the market
- Recently, the company signed two 12 month agreements with global consulting group GHD for its EVS Water software
- On the market, Envirosuite last traded at 22.5 cents per share
Environmental solutions company Envirosuite (EVS) has entered into a trading halt as it plans an upcoming capital raise.
So far, it is unknown how much the company is aiming to raise or where the funds will be spent.
The halt means company shares will be paused until Monday, December 6, or when further information about the raise is released to the market, whichever one comes first.
Envirosuite helps businesses manage the environment in which they operate by selling its technology platform solutions.
Recently, the company signed two 12 month agreements with global consulting group GHD for its EVS Water software.
Under the agreements, GHD will support the implementation of the product for water treatment facilities and potentially send customers to Envirosuite.
EVS Water combines water modelling and machine learning for engineers, plant operators, and asset managers to achieve compliance and manage water treatment.
On the market, Envirosuite last traded at 22.5 cents per share.