- iCollege (ICT) has entered into a trading halt ahead of an upcoming capital raise
- It is not known how much the company is raising and what the funds will be used for
- Company shares will be paused until Tuesday (November 3) or when more details are released to the market
- iCollege had a positive first quarter of 2021 as it bought in record revenue of $4.1 million
- On the market, iCollege last traded for 12 cents per share on October 29
iCollege (ICT) has entered into a trading halt ahead of an upcoming capital raise.
It is unknown how much the company is aiming to raise and what the funds will be used for.
Company shares will be paused until Tuesday (November 3) or when more details are released to the market.
iCollege is a vocational training provider that includes six businesses, which deliver vocational education and training solutions in Australian and internationally.
The company had a very positive first quarter of the 2021 financial year. It reported record revenue of $4.1 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $686,000.
During the quarter, iCollege committed to establishing a new purpose built campus in Bayswater, Perth. The first training program was commenced in August, with a class of 15 students.
The education company also teamed up with the Pharmacy Guild of Australia to design and promote infection control training.
On the market, iCollege last traded for 12 cents per share on October 29.