- Nuheara (NUH) enters a trading halt as the company awaits more details regarding an upcoming capital raise
- Trading of shares will be paused until Monday, by which time Nuheara says it will have released more information about how much is being raised and where the funds will be spent
- The company last tapped investors for funds in January, with the money being directed towards growth opportunities and its hearing aid products
- At the end of its last quarter, the company reported $400,000 in funding available
- Shares in the company last traded at 12 cents
Hearing technology company Nuheara (NUH) has entered a trading halt as the company awaits more details in regards to a capital raise.
Trading of shares will be paused until Monday, by which time says it will have released more information about how much is being raised and where the funds are being directed.
Last month, the company sold the remainder of its mining royalty asset in Peru for $50,000 in Vox Royalty Shares. It expects to receive a further $450,000 following the satisfaction of certain conditions.
The company last tapped investors for funds in January, with the money being directed towards growth opportunities and its hearing aid products.
At the end of its last quarter, the company reported $400,000 in funding available.
Shares in the company last traded at 12 cents.