- EP&T Global (EPX) starts the week in 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
- Company shares will be paused until Wednesday, November 3, or when more details about the raise are released to the market
- EPX aims to help reduce energy consumption and carbon emissions for large commercial buildings around the globe
- Shares in EP&T Global last traded at $0.16 on Friday, October 29
EP&T Global (EPX) has entered into a trading halt as it plans an upcoming capital raise.
Currently, it is unknown how much the company is aiming to raise or where the funds will be spent.
The company’s shares will be paused until Wednesday, November 3, or when more details about the raise is released to the market.
EPX aims to help reduce energy consumption and carbon emissions for large commercial buildings around the globe.
For the 2022 financial year, EPX expects its annualised recurring revenue (ARR) to grow 85 per cent to $9.8 million.
The company said its ARR was forecast to jump from $5.3 million from June 30 this year to $9.8 million by the same time in 2022.
At the end of September, EPX had $2.85 million cash on hand.
Shares in EP&T Global last traded at $0.16 on Friday, October 29.