- K2fly (K2F) enters a trading halt ahead of a capital raise
- No details on the capital raise but the company there would be an upcoming strategic investment
- Company shares will be paused until Friday, April 8, or until a further announcement is released to the market
- This month, K2fly signed a contract with Freeport-McMoRan (FCX), to roll out the RCubed mineral resource government solution across 12 FCX global operations
- K2fly last traded at 17.5 cents per share
K2fly (K2F) has entered into a trading halt ahead of a capital raise.
No details have been provided on the capital raise but the company has said there would be an upcoming strategic investment.
Company shares will be paused until Friday, April 8, or until another announcement is released to the market, whichever comes first.
K2fly is an Australian-based technology company that is focused on providing asset management consulting services.
Earlier this month, the company signed a contract with Freeport-McMoRan (FCX), which will see K2fly’s RCubed mineral resource government solution rolled out across 12 FCX global operations.
The three year contract has a total contract value of $768,000 and annual recurring revenue of $200,000.
On the market, K2fly last traded at 17.5 cents per share.