- Future First Technologies (FFT) begins the week in a trading halt ahead of an upcoming capital raising
- The company will remain in the halt until Wednesday, May 18, or when an announcement regarding the placement is made, whichever occurs first
- Future First has also announced today the resignation of Nicholas Chan as Non-Executive Director
- Non-Executive Director Nicole Ferro will take over the role of Chair of the Remuneration & Nomination Committee
- Shares in Future First last traded at 4 cents on May 11
Future First Technologies (FFT) has begun the week in a trading halt ahead of an upcoming capital raising.
The company is yet to disclose how much it intends to raise or what it will use the funds for once received.
Future First will remain in the halt until Wednesday, May 18 or when an announcement regarding the placement is made, whichever occurs first.
Future First has also announced today the resignation of Nicholas Chan as Non-Executive Director.
Non-Executive Director Nicole Ferro will take over the role of Chair of the Remuneration & Nomination Committee.
“On behalf of the Directors and broader FFT team, I would like to thank Nick for his contribution to the company. We wish Nick well in his future endeavours,” Chairperson Renata Sguario said.
Future First last tapped investors for cash in December 2021 when it undertook a $2.35 million placement.
The funds were raised through the issue of 78.4 million shares to sophisticated and institutional investors at 3 cents.
FFT stated it would use the money to expand its sales capability and accelerate the integration of EagleSoft into its platform.
Shares in Future First last traded at 4 cents on May 11.