- Software company icetana (ICE) begins the week in a trading halt while it plans the details of an upcoming capital raising
- The company will remain in the halt until December 8 or when more details are released, whichever occurs first
- On December 3, icetana announced it has signed a Memorandum of Understanding (MoU) with Threat Protect Australia (TPS) to provide active monitoring services
- Both companies have agreed to pursue a proof-of-concept at a location where Threat Protect provides active monitoring services
- Shares in icetana last traded at 10.5 cents on December 3
Software company icetana (ICE) has begun the week in a trading halt while it plans the details of an upcoming capital raising.
The company will remain in the halt until December 8 or when more details are released, whichever occurs first.
icetana is yet to disclose how much it intends to raise or what it will use the funds for once received.
On December 3, icetana announced it has signed a Memorandum of Understanding (MoU) with Threat Protect Australia (TPS) to provide active monitoring services.
Both companies have agreed to pursue a proof-of-concept at a location where Threat Protect provides active monitoring services.
It forms part of icetana’s strategy in targeting the guarding services market.
Prior to this, the company appointed Geoff Pritchard as Non-Executive Chair, effective November 29.
Mr Pritchard is an experienced Chairman, Chief Executive and Executive Director, and has been engaged across Governance, Corporate Advisory, Strategy Consulting and Venture Capital.
He has been on icetana’s board since April 2017 with a three-year stint as an Executive Director.
Shares in Icetana last traded at 10.5 cents on December 3. The company has a $14.38 million market cap.