- Manufacturing company Inventis (IVT) has entered a trading halt while it plans a capital raise
- Inventis has three divisions which focus on technology, furniture and rugged solutions
- In its March quarterly report, the company announced plans to raise money to support working capital and potentially pay down some debt
- However, the market will have to wait until May 11, at the latest, to find out further details
- Company shares last traded at one cent on Wednesday, May 5
Inventis (IVT) has entered a trading halt while it plans a capital raise.
At this stage, it isn’t certain how much the manufacturing business wants to raise or what it will use the money for. However, the market will only have to wait until May 11, at the latest, to find out.
The group operates under three divisions: technology, furniture and rugged solutions.
Inventis Technology develops custom innovative electronics for various devices to improve productivity, property and safety.
The furniture division specialises in creating ergonomic seat technologies for office chairs and lounges.
Inventis’ rugged solutions division, Opentec, is a rugged computer specialist which has been delivering ruggedised computers and computer-based solutions since 1994.
In its most recent quarterly report, Inventis laid its plans to commercialise its technologies over the course of this year. The company also acknowledged that to do this, it would need to improve its financial position through a capital raise. Additional funding will also help to reduce debt.
At the end of the March quarter, Inventis had about $459,000 in cash.
Company shares last traded at one cent on Wednesday, May 5.