- Business-to-business software company K2fly (K2F) has locked its shares up in a trading halt while it undertakes capital raise preparations
- The company is set to reveal full details of the capital raise and placement on or before Tuesday, April 20
- While there’s been no explicit indication from K2F regarding how much it is looking to raise or for what purpose, it follows a string of acquisitions and partnerships
- Most recently, the company revealed it had signed a five-year resource inventory management contract with the world’s ninth-largest silver producer
- Prior to the trading halt, K2fly shares last changed hands at 31.5 cents.
Business to business software company K2fly (K2F) has locked its shares up in a trading halt while it undertakes capital raise preparations.
The ASX-lister requested the halt pending an announcement regarding a placement, although there have been no further details as to how much the company is looking to raise or for what purpose.
Company shares are likely to remain in the halt until the commencement of normal trading on Tuesday April 20 or when a formal release regarding the raise is made.
K2fly has spruiked a number of acquisitions and partnerships in recent months, including cloud-based software-as-a-service Decipher for Mining and software and IT specialist Sateva.
In early March, the company signed a five-year resource inventory management contract with NYSE-listed U.S. precious metals miner Coeur Mining — the ninth-largest silver producer in the world, according to K2F.
Prior to the trading halt, K2fly shares last changed hands at 31.5 cents.