- Online education publisher KneoMedia (KNM) has entered a trading halt ahead of an upcoming capital raise
- Currently it is unknown how much money the company intends to raise or where the funds will be spent
- Trading in company shares will be paused until Monday, July 12, or when more information about the raise is released to the market
- Kneomedia last traded at 0.7 cents on July 7
KneoMedia (KNM) has entered a trading halt today ahead of an upcoming capital raise.
So far, it is unknown how much money the company intends to raise or where the funds will be spent.
The halt means trading in company shares will be paused until Monday, July 12, or when more information about the raise is released to the market.
KneoMedia is a software as a service education publishing company delivering digital learning programs and assessment tools to the educational markets across the globe.
In May, the Albany School District in New York State approved KneoWorld’s Career Technology Education (CTE) program.
The CTE program technology provides students with an interactive learning experience that places an emphasis on the future careers of young learners.
Albany is the capital of New York State and the first deployment here gives the potential of KneoWorld technology in a large market.
Notably, the New York State education market has almost 750 school districts.
Kneomedia last traded at 0.7 cents on July 7.