- Software company Gratifii (GTI) enters a trading halt ahead of a capital raise
- There is currently no information released to the market on how much the company is aiming to raise or where the funds will be spent
- The halt will see GTI shares paused until Monday, April 11, or when further details about the raise is released to the market
- Last week, Gratifii entered a new contract with the Seagrass Boutique Hospitality who’ll use GTI’s Mosaic platform to offer a ‘seamless’ loyalty and rewards experience for diners
- Company shares last traded at 2.8 cents per share on April 6
Software company Gratifii (GTI) has entered a trading halt ahead of a capital raise.
So far, there is no information 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 Monday, April 11, or when further details about the raise is released to the market, whichever one comes first.
Last week, Gratifii entered a new contract with the Seagrass Boutique Hospitality Group.
Under the deal, Seagrass will use Gratifii’s Mosaic Software-as-a-Service platform to offer a seamless loyalty and rewards experience for diners across five brands and 42 venues in Australia.
The deal will see customers receive loyalty dollars in restaurants such as Meat & Wine Co, 6 Head, Ribs & Burgers, Italian Street Kitchen and Hunter & Barrel.
The Australian rollout will be followed by a global loyalty partnership expansion across
multiple brands and venues in the United Arab Emirates, UK and South Africa underpinning the newly launched Dining Rewards Club program.
“Gratifii Managing Director & CEO Iain Dunstan is “delighted to play a part in
delivering Seagrass’’ multi-brand loyalty and rewards platform.”
“This contract is a clear confirmation of our strategy for the hospitality sector and will bring the number of restaurants we service globally to over 800,” he said last week.
Gratifii last traded at 2.8 cents per share on April 6.